It is an indirect tax collected at the point of origin of the goods (factory or manufacturing unit) before they are sold. In India, Central Excise Duty was subsumed under the Goods and Services Tax (GST) for most items, but it continues to be levied on specific products like petroleum products, tobacco, and alcoholic drinks.
Excise duty is levied on which of the following ?
Asked in APPSC Miscellaneous 2023 · Topic: Fiscal Policy & Revenue (Sources of Government Revenue: Tax and Non-Tax Revenue)
More Economic Development questions
- Which of the following is not a tax ?
- The largest revenue in India obtained from:
- Land revenue is
- Corporate profit tax is
- Central Government do not collect revenue from these sources:
- Percentage of people giving personal income tax in India is
- Proceeds of Personal income tax go to
- Relative importance in Government revenue in India is high in case of