Join ExamsbookAnswer : 4. "Production of goods"
Excise duty is a tax levied on the5
Q: Excise duty is a tax levied on the
- 1Export of goodsfalse
- 2Import of goodsfalse
- 3sale of goodsfalse
- 4Production of goodstrue
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Answer : 4. "Production of goods"
Explanation :
Answer: D) Production of goods Explanation: An excise or excise tax or 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 of a good. This tax is now known as the Central Value Added Tax (CENVAT).