Examveda
Examveda

Excise duty is a tax levied on the

A. import of goods

B. export of goods

C. production of goods

D. sale of goods

Answer: Option C

Solution(By Examveda Team)

Excise duty refers to the taxes levied on the manufacture of goods within the country, as opposed to custom duty that is levied on goods coming from outside the country.

This Question Belongs to General Knowledge >> Indian Economy

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