'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).
Excise tax in the United States
'Excise tax', sometimes called an excise
duty, is a type of
tax. In the United States, the term 'excise' means: (A) any tax other than a property tax or
capitation (i.e., an indirect tax, or excise, in the ''constitutional law'' sense), or (B) a tax that is simply ''called an excise'' in the language of the statute imposing that tax (an excise in the ''statutory law'' sense, sometimes called a ''miscellaneous excise''). An excise under definition (A) is not necessarily the same as an excise under definition (B).
Her Majesty's Customs and Excise
'Her Majesty's Customs and Excise' ('HMCE') was, until April 2005, a department of the
British Government in the
UK. It was responsible for the collection of
Value added tax (VAT),
Customs Duties,
Excise Duties, and other
indirect taxes such as
Air Passenger Duty,
Climate Change Levy,
Insurance Premium Tax,
Landfill Tax and
Aggregates Levy. It was also responsible for managing the
import and
export of goods and services into the UK. HMCE was merged with the
Inland Revenue (which was responsible for the administration and collection of
direct taxes) to form a new department,
HM Revenue and Customs, with effect from
18 April 2005.
Excise in India
It is a tax on the manufacture of goods that is levied when goods leave the place of manufacturer. The name of tax which was known as 'Central Excise Duty' was renamed as CENtral Value Added Tax(CENVAT). Manufacturers can set off the duty paid on input materials against their output duty a procedure known as CENtral Value Added Tax Credit (CENVAT Credit). In India it was previously known as MODVAT or MODdified Value Added Tax
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