noun an internal tax imposed on the production, sale, or consumption of a commodity within a country
verb to impose an excise on
Excise duties are taxes on specific goods produced or sold within a country.
Excise tax is a type of tax imposed on specific goods such as alcohol, tobacco, and gasoline.
Excise duties can impact the cost of production and pricing strategies for businesses.
Governments use excise taxes to regulate consumption of certain goods and generate revenue.
Excise taxes can affect consumer behavior and market dynamics.
In the context of a writer, 'excise' may be used to describe the act of removing unnecessary or irrelevant parts of a piece of writing to improve its overall quality and coherence.
For a psychologist, 'excise' can be used to refer to the process of eliminating harmful or negative thoughts, emotions, or behaviors from a person's mental or emotional state through therapy or counseling.
In accounting, 'excise' is commonly used to describe a type of tax that is imposed on specific goods or services, such as alcohol, tobacco, or gasoline, at the point of manufacture or sale.
For a surgeon, 'excise' is used to describe the surgical removal of a tumor, growth, or damaged tissue from a patient's body in order to improve their health or alleviate symptoms.