While both types of duties generate revenue for the exchequer, the main purpose of excise duties is to achieve certain social or economic objectives and to protect domestic industries from foreign ...

U.S. customs revenue surged to an all-time high in April as President Donald Trump's latest round of tariffs took effect, delivering at least $15 billion in customs duties for the month — a more than ...

House of Representatives has repealed Customs and Excise Management Act. This is coming 63 years after the former law has been in operation. The new law was made possible by the approval of the report ...