How does opening up liquor shops impact states? Mint explains Images of long queues outside liquor shops with people not practising social distancing have surfaced as the country entered the third phase of the lockdown to tackle the covid-19 pandemic.
How does opening up liquor shops impact states? Mint explains. How is excise duty levied and collected? Excise duty is an indirect tax levied by the government on goods manufactured within India, and compares with custom duty, which is levied on imported items.
Excise duty refers to the tax amount included in the final selling price of an item. As such, a consumer pays the excise duty while making a purchase.