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English definition of “excise”

excise

noun [C or U]
 
 
/ˈeksaɪz/ TAX
tax that is paid to a national or state government on some types of goods such as alcohol, cigarettes, or petrol: excise on sth Pennsylvania is one of just three states that does not collect an excise on cigars. The burden of tax borne by smokers is greater than that on any other excise goods. → Compare customs duty → See also Customs and Excise
(Definition of excise from the Cambridge Business English Dictionary © Cambridge University Press)
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