What is the difference between Duty and Tariff? These two words are sometimes used interchangeably and possess a thin line of difference, but to sum it up again:- Duty is a type of indirect tax imposed on the consumer by the government on imported goods as well as locally manufactured pro...
Difference between Pro forma Invoice and Commercial Invoice in Export Import Trade. Do pro-forma invoice accepts for import customs clearance? I hope, I could differentiate purchase order and commercial invoice in simple terms to make you understand easily. What is your experience in handling purchas...
On the other hand, Indirect Tax also has two divisions, i.e. taxes and duties, wherein taxes include Goods and Services Tax, whiledutyincludes custom duty or excise duty. the main difference between tax and duty, is that the scope of tax is wider in comparison to duty, i.e. the latt...