Excise Duty
Excise duty is a type of indirect tax charged on the manufacture, import, or sale of specific goods, primarily alcohol, tobacco, and energy products such as fuel and gas.
Unlike customs duty, which applies to goods entering a country, excise duty applies to certain goods regardless of whether they are imported or produced domestically. It is usually payable when the goods are released for consumption (for example, when they leave an excise warehouse and enter the retail market).
Excise goods are subject to strict controls, and businesses involved in producing, storing, or moving them must be authorised and comply with specific procedures, including, where applicable, the use of duty suspension arrangements.
Excise duty is used both to generate government revenue and to influence the consumption of goods considered harmful to health or the environment.