excise

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Related to Excise duty: Custom 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 ?
Tax exemptions in excise duty, which constitute one of the most significant elements of tax technique, have also been regulated by EU directives, i.e.:
The collection of federal excise duty and sales tax subsequently peaked to Rs114.2 billion by fiscal year 2015-16.
Because of the reduction in excise duty, diesel prices had on October 4, 2017 came down to Rs 56.89 per litre and petrol to Rs 68.38 per litre.
The excise duty of country made foreign liquor increased by Rs 160.00 from Rs 1700 to Rs 1860 per proof liter.
The specific part of the excise duty on cigarettes will be set at BGN 70 per 1000 cigarettes, while the proportional component will increase to 32% of the selling price as of 2016.
Avanzi, 35, of Bath Street, London, pleaded guilty to the evasion of excise duty and was sentenced to one year in prison.
"Excise duty size on vodka is 60 soms, and base rate was increased to 300 soms.
This reduction would have been higher but for the excise duty hikes - first by Rs 1.50 on November 12 then by Rs 2.25 on December 2 and Rs 2 each on January 2 and January 16.
In June, the government announced an extension of the excise duty reduction on automobiles for six more months.
Charity chief Suzanne Costello said: "We have seen in recent years that increases in excise duty have reduced alcohol consumption.
Honda Motorcycle & Scooter India (HMSI) and Hero MotoCorp on Tuesday announced a price cut on all its models, after the proclamation of excise duty relief to the automobile industry in Interim Budget 2014-15.
New Delhi, April 23 -- Ministry of Heavy Industries & Public Enterprises has written to the Ministry of Finance on the Issue of Additional 3% Excise Duty on SUVs.