What is the difference between customs duty and excise duty

Difference Between Similar Terms and Objects. MLA 8 S, Prabhat. Name required. Email required. Please note: comment moderation is enabled and may delay your comment. There is no need to resubmit your comment. Notify me of followup comments via e-mail. Written by : Prabhat S. User assumes all risk of use, damage, or injury. You agree that we have no liability for any damages. Summary 1. Author Recent Posts. The burden of taxation is, however, passed on to the consumers by the manufacturer.

When the rate of valuation is on ad valorem. Description: Capital markets help channelise surplus funds from savers to institutions which then invest them into productive use. Generally, this market trades mostly in long-term securities. It is so binding in itself that it doesn't allow the poor people to escape it. Poverty trap generally happens in developing and under-developing countries, and is caused by a lack of capital and credit to people.

Description: Poverty trap can be broken by planned investments in the economy and providing people the means. Subsidy is a transfer of money from the government to an entity. It leads to a fall in the price of the subsidised product. Description: The objective of subsidy is to bolster the welfare of the society. It is a part of non-plan expenditure of the government.

Major subsidies in India are petroleum subsidy, fertiliser subsidy, food subsidy, interest subsidy, etc. Also See: Priority Sector. Choose your reason below and click on the Report button.

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