Excise tax

Tax Glossary Definition

Excise tax

Excise Tax: An excise tax refers to a charge imposed by the government on certain goods or services—like cigarettes, alcohol, fuel, or luxury products—usually applied during production, sale, or consumption. This tax helps raise public revenue and may also be used to reduce the use of products that negatively impact health or the environment.

Example: For instance, a government might charge an excise tax of ₹200 per pack of cigarettes. This measure both contributes funds to public programs and discourages smoking by making tobacco products more expensive for consumers.

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