Excise Duty

Definition: Excise duty refers to a type of tax imposed on specific goods, often at the point of manufacture or production.

Senses:

1. Popular sense: General term used to describe a tax on products that are produced or manufactured domestically.
   Example sentence: The government increased excise duty on cigarettes to discourage smoking.
2. Local sense: In certain regions, excise duty may refer to taxes applied to specific local products, such as regional beverages or handicrafts.
   Example sentence: The excise duty on locally brewed beer supports the development of the regional brewing industry.

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