excise duty Meaning in the Cambridge English Dictionary
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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 ​petrolpaid to a ​national or ​stategovernment: excise duty/tax on sth a 5% ​exciseduty on cigarettes Motorists can ​save about two thirds of the vehicleexciseduty by choosing a ​cleanercar. Spending on the ​program will be ​paid for by ​raising the ​federalexcisetax on tobacco.
(Definition of excise duty from the Cambridge Business English Dictionary © Cambridge University Press)
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