Excise
/ɪkˈsaɪz/
Definitions
- (n.) A tax levied on certain goods and commodities produced or sold within a country.
The government imposed an excise on tobacco products to curb smoking.
- (v.) To impose or collect an excise tax on goods.
The state excises imported alcohol at a high rate.
- (v.) To cut out or remove, especially by surgical or legal action.
The document was excised of sensitive information before publication.
Forms
- excises
- excised
- excising
Related terms
Commentary
In legal drafting, distinguish 'excise' from customs duties as it pertains to internal goods, not imports.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.