Question : Excise duty is levied on
Option 1: Sale of goods
Option 2: Production of goods
Option 3: Import of goods
Option 4: Export of goods
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Correct Answer: Production of goods
Solution : The correct option is production of goods
Within a country, the manufacture and manufacturing of goods is subject to an indirect tax known as excise duty . Excise taxes serve as a source of funding for governments and limit the use of goods that may have fatalistic social or environmental effects, such as cigarettes, alcohol and petroleum products.
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