excisable

The government imposes an excisable duty on imported luxury cars.

Definition

1. Adjective:
   • Subject to excise tax: "excisable" describes goods or products upon which an excise tax (a tax on the production, sale, or use of certain goods, such as alcohol, tobacco, or fuel) is legally levied.
   • Liable to be taxed: It indicates that an item is legally required to have an excise duty paid on it before it can be sold or used.

Usage Examples

• (These drinks are subject to an excise tax.)
• (More items now require payment of excise duty.)
• (Cigarettes and other tobacco products are taxed at high rates.)

Advanced Usage

• "excisable commodity": a specific type of product that is taxable under excise law.
  • Petrol is an excisable commodity in most nations. (Gasoline is subject to excise duty.)

Variants and Related Words

• Excise (noun): a tax on the production, sale, or use of certain goods within a country.
  • The excise on cigarettes has increased by 10%. (The specific tax on tobacco rose.)
• Excise (verb): to impose an excise tax on something.
  • The government excises luxury cars at a higher rate. (They apply the excise tax to those vehicles.)
• Excisability (noun): the quality of being subject to excise tax.
  • The excisability of e-cigarettes is debated among lawmakers. (Whether these products should be taxed is discussed.)

Synonyms

• Taxable: subject to any type of tax.
  • All taxable items must be declared to customs. (Items on which tax is owed.)
• Dutiable: subject to customs duty or excise tax.
  • These imported wines are dutiable. (They require payment of duty.)

Related Idioms

• (No common idioms directly involve "excisable," as it is a technical term in taxation law.)