Question

What is Excise Duty? (Entrepeneurship 12th)

Answer 1

Answer:

Excise Duty is a form of indirect tax that is levied on goods that have been manufactured in the country. It is levied by the government. It ideally has to be paid by the manufacturer of goods at the time of introduction of goods in to the market. ... Thus, it is applicable on goods sourced from other countries.

Answer 2

it is any duty on manufactured goods that is levied at the moment of manufacture rather than at sale