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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


Team Careers360 15th Jan, 2024
Answer (1)
Team Careers360 18th Jan, 2024

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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