excise duty Meaning in Cambridge Business English Dictionary
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Meaning of "excise duty" - Business English Dictionary

excise duty

noun [C or U]
 
 
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)
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