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levy
(redirected from leviable)

   Also found in: Dictionary/thesaurus, Legal, Financial 0.01 sec.
levy
a. the act of imposing and collecting a tax, tariff, etc.
b. the money so raised


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It arguably disincentivises bookmakers to promote horseracing against competing products, whether that's FOBTs, virtual racing or other sports, against which racing is being arbitraged, because those other products are not leviable.
In the Budget, finance minister Pranab Mukherjee proposed to amend the definition of business auxiliary service to exclude those services from the purview of service tax on which excise duty is leviable.
The law prohibits media reporting of cases of domestic violence and those who violate this provision are subject to a maximum jail sentence of six months/or a maximum fine of 10,000 baht--10 times the maximum fine leviable on the abusers themselves.
 
 
 
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