Meaning of “excise duty” in the English Dictionary


"excise duty" in Business English

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excise dutynoun [ C or U ]

uk us UK US excise tax TAX

a tax on some types of goods such as alcohol, cigarettes, or petrol paid to a national or state government:

excise duty/tax on sth a 5% excise duty on cigarettes
Motorists can save about two thirds of the vehicle excise duty by choosing a cleaner car.
Spending on the program will be paid for by raising the federal excise tax on tobacco.

(Definition of “excise duty” from the Cambridge Business English Dictionary © Cambridge University Press)