Excise duty

Also called: excise · consumption tax

An internal tax on particular products such as alcohol, tobacco, energy products and sometimes sugary drinks, charged per unit of quantity, as a percentage, or both. On import it is collected by customs unless the goods move under an excise suspension arrangement to a tax warehouse.

In practice

Excise often exceeds the customs duty many times over, and goods subject to it usually need special licences, tax stamps or warehouse authorisations.

Applies to: EUTürkiyeUSAUK

Related terms

Import VAT
Value added tax charged on goods when they enter a VAT territory, collected by customs together with duty. Its base is normally the customs value…
ÖTV (special consumption tax)
A Turkish excise-type tax under Law No. 4760, applied once to specific goods listed in its annexes, including fuels, motor vehicles, alcohol, tobacco…
Customs duty
A tax levied on goods when they cross a customs border, most often on import. It is calculated from the tariff classification, the origin and either…

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