excise


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Related to excise: Excise duty

Excise

A tax imposed on the performance of an act, the engaging in an occupation, or the enjoyment of a privilege. A tax on the manufacture, sale, or use of goods or on the carrying on of an occupation or activity, or a tax on the transfer of property. In current usage the term has been extended to include various license fees and practically every internal revenue tax except the Income Tax (e.g., federal alcohol and tobacco excise taxes).

excise

n. a tax upon manufacture, sale, or for a business license or charter, as distinguished from a tax on real property, income or estates. Sometimes it is redundantly called an excise tax. (See: tax)

excise

noun assessment, capitation, charge, custom, demand, duty, exaction, exactment, fee, imposition, levy, liability, obligation, tariff, tax, taxation, toll
Associated concepts: direct tax, excise tax, fee, gift tax, license tax, privilege tax

excise

(Cut away), verb abscind, clip, cut, cut out, deduct, delete, detruncate, diminish, disjoin, dissever, eradicate, expunge, expurgate, extract, pare, pluck out, remove, separate, sever, subduct, subtract, take away, take out, tear out, thin, truncate, weed, withdraw

excise

(Levy a tax), verb appraise, assess, charge, charge duty, claim, collect, compel payment, demand, demand payment, demand toll, enforce payment, exact, force payment, impose a duty on, impost, lay a duty on, lay claim to, levy, levy an excise on, oblige, raise, require a tax, requisition, take, tax
Associated concepts: direct tax, franchise tax, gift tax, indiiect tax, privilege tax, succession tax
See also: assess, bowdlerize, cancel, delete, diminish, duty, expunge, imposition, levy, redact, reject, tariff, tax, toll

excise

originally taxes charged on the retail sale within the UK of commodities such as beer, wines and spirits. Nowadays, however, licences (e.g. permitting the use of a gun or dealing in game) are classified as excise. One of the most commonly prosecuted excise offences is contravention of the legislation which requires motorists to display a vehicle excise licence, known colloquially as a tax disc.
References in periodicals archive ?
The complaint from women excise officials comes at a time when State Excise Commissioner Rishiraj Singh has warned of the need to be alert against the drug mafia, which is trying to target vulnerable student groups and inter-state labourers to further their trade in the state.
Under the TRAIN law, the unitary excise tax slapped on cigarettes rose to P32.
These issuances required, inter alia, the submission of Sworn Declarations of Inventory List as of December 31, 2017, to the Excise LT Field Operations Division, and its deadline was on January 15.
The official said arrangements were underway to initially set up excise police stations in Lahore, Multan, Rawalpindi and Mianwali.
An excise stamp is a type of revenue stamp affixed to some exciseable goods to indicate that the required excise tax has been paid by the manufacturer.
The police department also raised objections over the location of the check posts set up by the Excise Department, which are often situated adjacent to pickets set up by the K-P police.
dollar led to an increase in prices for imported alcohol and tobacco products, as well as to a reduction in excise tax rates in manat.
A tax period for excise tax shall be the calendar month, where the taxable person is expected to submit the tax return no later than the 15th day of the month following the tax period.
Secretary Excise added that efforts were being made to acquire 12 kanal land to build spacious Excise offices in Multan for convenience of staff and the people.
Officials said as per the excise rules, it is mandatory for the distributors to maintain a stock of all brands of liquor for at least 7 days.
Kyrgyzstani Parliament's decision to increase the base rate for excise duty on alcoholic beverages is not going to change anything, chairman of the association of manufacturers, exporters, and importers of alcoholic beverages Akylbek Kunakunov told in an interview with AKIpress.
Perhaps for the first time petrol in India costs more than jet fuel (ATF) used in aeroplanes as the government has levied a record excise duty on the fuel used in two-wheelers and cars.