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Related to excise: Excise duty


1. a tax on goods, such as spirits, produced for the home market
2. a tax paid for a licence to carry out various trades, sports, etc.
3. Brit that section of the government service responsible for the collection of excise, now the Board of Customs and Excise



one of the forms of indirect taxation, primarily on objects of mass consumption (such as salt, sugar, and matches), and also on municipal, transportation, and other widely used services. Excise tax is included in the price of goods or as a tariff on services; thus, it is, in effect, shifted to the consumers, mainly workers. In prerevolutionary Russia, excise taxes, along with the spirits monopoly, produced 47.5 percent of the total income of the budget in 1904. Excise taxes are an important source of revenue for the state budgets of contemporary capitalist countries. In England and the USA, for example, from 1929 to 1958 excise taxes yielded between 14 and 30 percent of all tax receipts. In the USA, the total excise collections grew from $.5 to $12.4 billion per year over the period 1928–59. The excise tax on many goods is as high as half or even two-thirds of their price.

In the USSR the excise system was abolished by the tax reform of 1930; in other socialist countries it was abolished by the tax reforms of 1948–49.

References in periodicals archive ?
The Secretary, Excise and Taxation, Mohammad Israr while quoting the difficulties faced by the district officers in connections with recovery said that all out efforts would be made for the resolution of the problems of the shortage of staff and other difficulties, however, no excuse will be accepted in connections with the achievement of the revenue target.
Sources claimed chief secretary Punjab has accorded approval to summary for establishment of these four excise police stations but the matter is still lying in files and has not gone from theory to practice.
50 a litre excise duty hike effected from November 12, the government will mop up about ` 10,000 crore in remaining part of this fiscal, which will help curtail the ballooning fiscal deficit.
Asked whether cigarette prices in Bulgaria were expected to go up in 2014, she said that a price hike, if any, would be unrelated to excise duty rate.
Earlier, in 200, excise duty was imposed on bicycles, but it had to be withdrawn within three months following opposition from bicycle manufacturers.
Kargov informed that the taking over of the collection of excise from the Public Revenue Office had been successfully realized and preparation of bylaws to simplify the collection procedure was already in progress.
Those companies would have received separate excise tax bills for each of their vehicles, he said.
Even with the kind of information like that found in the new RTI study, raising cigarette excise taxes in southern, tobacco-producing states has proven to be a formidable challenge.
Using the posterior edge of the nerve as a guide, a sharp Beaver knife was used to excise the geniculate ganglion and 25% of the anterior portion of the motor part of the facial nerve at the internal genu.
The installment payments are payable solely from and secured by a dedicated two-tenths of 1% excise tax approved by city voters.
DERA GHAZI KHAN -- Secretary Excise and Taxation Punjab, Khalid Masood Chaudhary Thursday said that excise department Punjab would issue 500,000 number plates of motor/vehicles every month.