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Multiple Choice Questions

Excise duty is a tax levied on the........

Indian Economy Budgeting and Fiscal policy

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Excise duty is a tax levied on the

import of goods

export of goods

production of goods

sale of goods

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Explanation:

3rd option is correct.

An excise or excise 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.

By: Abhipedia

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