The duty payable on goods produced locally iis
-
A.
export duty -
B.
excise duty -
C.
import duty -
D.
advalorem duty
Correct Answer: Option B
Explanation
An excise or excise tax is any duty on manufactured goods which is levied at the moment of manufacture, rather than at sale. excise is levied on goods which are produced or came into existence inland (produced in the country)