Machinery of Implementation
In excise duty is applied by the affixation of revenue stamps to the products being sold. In the case of tobacco or alcohol, for example, the producer buys a certain bulk amount of excise stamps from the government and is then obliged to affix one to every packet of cigarettes or bottle of spirits produced.
A government-owned alcohol monopoly is another way to ensure payment of the taxes.and it is the imposed in those goods which produses in india.
Read more about this topic: Excise
Famous quotes containing the words machinery of and/or machinery:
“angelheaded hipsters burning for the ancient heavenly connection to
the starry dynamo in the machinery of night,”
—Allen Ginsberg (b. 1926)
“In the arts of life man invents nothing; but in the arts of death he outdoes Nature herself, and produces by chemistry and machinery all the slaughter of plague, pestilence, and famine.”
—George Bernard Shaw (1856–1950)