Our glossary simplifies common industry terms in freight and logistics into clear, easy-to-understand explanations.
Excise Duty Excise tax (or consumption tax) is a government-imposed tax on certain goods (such as alcohol, tobacco, and energy products) to regulate consumption, safeguard public finances, and guide behavior. In international trade, imported goods may be subject to excise tax in addition to customs duties. The scope and rates of excise tax vary from country to country. Before exporting or importing, companies should consult local tax regulations and estimate final costs to avoid delays or additional costs due to tax oversight.
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