Q:
Excise duty is a tax levied on the
Answer & 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).
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