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Taxation: Excise duty in India is a levy on which activity? Distinguish between customs (imports/exports) and excise (domestic manufacture). Choose the correct option.

Q: Taxation: Excise duty in India is a levy on which activity? Distinguish between customs (imports/exports) and excise (domestic manufacture). Choose the correct option.

Concept Excise duty (now largely subsumed into GST for most goods) historically taxed manufacture/production domestically, unlike customs (imports/exports). Final Answer Manufacture/production of goods within the country

Difficulty: Easy

Manufacture/production of goods within the country
Sale of goods at retail counters
Import of goods into the country
Export of goods out of the country

Correct Answer: Manufacture/production of goods within the country

Explanation:

Concept

Excise duty (now largely subsumed into GST for most goods) historically taxed manufacture/production domestically, unlike customs (imports/exports).

Final Answer
Manufacture/production of goods within the country

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