Excise Article For Free

Excise taxes are taxes imposed on certain goods, services, and activities. Taxpayers include importers, manufacturers, retailers, and consumers, and vary depending on the specific tax. Excise taxes may be imposed at the time of: Entry into the United States, or sale or use after importation.

1. : an internal tax levied on the manufacture, sale, or consumption of a commodity. 2. : any of various taxes on privileges often assessed in the form of a license or fee. excise.

An excise (under definition B) has been defined as '"a tax upon manufacture, sale or for a business license or charter, as distinguished from a tax on real property, income or estates." Both the federal and state governments levy excise taxes on goods such as alcohol, motor fuel, and tobacco products.

Common excise taxes include those on gasoline, tobacco and plane tickets. Excise taxes may be charged either as a percentage of the purchase price or as a fixed dollar amount. It makes sense to compare excise taxes to sales taxes, but excise taxes are usually narrower in scope.

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).

1. a tax or duty on the manufacture, sale, or consumption of various commodities within a country, as liquor, tobacco, etc. 2. a fee paid for a license to carry on certain occupations, sports, etc.

An excise tax is known as a "hidden tax," because it's indirectly paid by consumers.

Under the Central Excise Act, 1944, all excisable goods that are manufactured or produced in India shall carry a central excise duty known as CENVAT. It should be noted that this act is not applicable to items that are repaired or reconditioned.

An Excise Tax is a tax on a specific item, belonging to a special class of items.By statute, the fuel tax proceeds must be used for Federal highway projects. An excise tax is levied on tobacco products, at the State level. An excise tax is levied on alcohol products, at the State level.

An excise tax is a tax imposed on a specific good or activity. Excise taxes are commonly levied on cigarettes, alcoholic beverages, soda, gasoline, insurance premiums, amusement activities, and betting, and make up a relatively small and volatile portion of state and local tax collections.