Sawaal
5
Q:

Excise duty is a tax levied on the

A) Export of goods B) Import of goods
C) sale of goods D) Production of goods

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).

Subject: Indian Economy
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