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Which tax is levied and collected by the Union government?

Customs duty is a tax that people pay for importing and exporting goods. Foreign investors can now import and export goods without paying customs duties.“Customs” means the Government Service which is responsible for the administration of Customs law and the collection of duties and taxes and which also has the responsibility for the application of other laws and regulations relating to the importation, exportation, movement or storage of goods.

Ans: Custom duty ,Excise duty and Estate duty

Excise duty


A percentage levied on manufacture, sale, or use of locally produced goods(such as alcoholic drinks or tobacco products). A percentage tax levied on a company's revenue, instead of (like income tax) on the cotmpany's income. A fixed tax levied on an activity or occupation, such as the license feecharged from attorneys, doctors, and other professionals. Also called excise tax.

Estate duty is a tax on the total market value of a person's assets (cash and non-cash) at the date of his or her death. It does not matter if the person has a will or not, the assets are still subject to estate duty. The deceased person's assets, as a whole, are called an estate.

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