Excise duty is a form of tax levied on certain goods and services by the Government. It is also commonly known as excise tax, sales tax, or consumption tax. The term "excise duty" refers to levies charged on goods that are consumed or used within a country, such as tobacco, alcohol, petroleum products, and luxury items. Other synonyms for excise duty include excise levy, excise assessment, excise charge, duty, surcharge, and tariff. These terms are often used interchangeably in various countries and regions around the world. Regardless of the terminology used, excise duty remains an essential part of raising government revenue and regulating the supply and demand of goods and services.