SSC Economics Sample Paper NCERT Sample Paper-5

  • question_answer
    Excise duty is a tax levied on the

    A)  Import of goods

    B)  export of goods

    C)  Production of goods

    D)  sale of goods

    Correct Answer: C

    Solution :

    [c] An excise or excise tax (sometimes called an excise duty) is a type of tax charged on goods produced within the country (as opposed to customs duties, charged on goods from outside the country). It is a tax on the production or sale of a good. This tax is now known as the Central Value Added Tax (CENVAT).

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