Budgeting and Fiscal policy

Indian Economic System(BPSC) Bihar civil service (BPSC)

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Indian Economy - Understanding the basics of Indian economic system

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Excise duties are taxes on

sale of commodities

import of commodities

export of commodities

production of commodities

Explanation:

Excise duties are taxes on production of commodities.
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.

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