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What is excise

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(Querist)
04 April 2015 what is excise ?
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shubham shukla

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shubham shukla (Expert)
04 April 2015 An excise or excise tax (sometimes called an excise duty) is a type of tax charged on goods produced within the country (as opposed to customs duties, charged on goods from outside the country). It is a tax on the production or sale of a good. This tax is now known as the Central Value Added Tax (CENVAT).
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