Excise Duty

Tax Glossary Definition

Excise Duty

Excise duty is an indirect tax levied on the manufacture or production of goods within a country. It is usually charged at the stage of production and becomes part of the product’s selling price, meaning the ultimate tax burden is borne by the end consumer. Although excise duty has been largely replaced by the Goods and Services Tax (GST) in India, it still applies to certain products such as petroleum and tobacco.

Example: Before the introduction of GST, excise duty was imposed on goods like cigarettes and alcoholic beverages produced in India, collected from manufacturers but ultimately passed on to consumers through the sale price.

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