What is excise?

  • (verb): Remove by cutting.
    Example: "The surgeon excised the tumor"
    See also — Additional definitions below

Excise

An excise or excise tax (sometimes called a duty of excise special tax) is an inland tax on the sale, or production for sale, of specific goods or a tax on a good produced for sale, or sold, within a country or licenses for specific activities. Excises are distinguished from customs duties, which are taxes on importation. Excises are inland taxes, whereas customs duties are border taxes.

Read more about Excise.

Some articles on excise:

Charles Todhunter
... He was Deputy Commissioner for Salt, Abkari (excise duties) and Customs, and then Secretary of the Board of Revenue ... for the reorganisation of customs and excise arrangements in much of India and was then appointed Director-General of Excise and Salt of the Government of India ...
Excise - Criticisms - Drugs
... There are at least two major criticisms of excise legislation on drugs One is that, while it acts as a deterrent, it has also been argued that the state in question is able to gain revenues, while the legislation ...
S. Muthiah Mudaliar - In The Government
... Muthiah to take over the portfolios of education and excise which Ranganatha Mudaliar had held ... invitation and served as the Minister of Education and Excise in the independent ministry from 1928 to 1930 ... As Minister of Excise, Muthiah launched a Created Excise Propaganda Central Committee along with district committees in order to introduce and implement prohibition ...
Motor Fuel Taxes In Canada - Gasoline Tax Rates Across Canada
... Gasoline Taxes in Canada Government Federal excise tax Prov/terr excise tax Local excise tax Total excise tax Minimum tax incl ...

More definitions of "excise":

  • (verb): Remove by erasing or crossing out.
    Synonyms: strike, expunge
  • (verb): Levy an excise tax on.
  • (noun): A tax that is measured by the amount of business done (not on property or income from real estate).
    Synonyms: excise tax