Excise duties are levied on _______________.

Incomes of the individual

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production of goods

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export and import of goods

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Incomes of the corporate

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Solution

The correct option is B production of goods
Excise duties are type of taxes which are charged against the production og goods when they are sold in the market.

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Which of the following do not form part of duty drawback scheme?

(a) Refund of excise duties

(b) Refund of custom duties

(d) Refund of income dock charges at the port of shipment

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