Question

Excise Duty is the main source of governmental revenue."Justify the statement in 7 points.​

Answer 1

Answer:

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Answer 2

Explanation:

Excise duty is a form of tax imposed on goods for their production, licensing and sale. An indirect tax paid to the Government of India by producers of goods, excise duty is the opposite of Customs duty in that it applies to goods manufactured domestically in the country, while Customs is levied on those coming from outside of the country.