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What is excise number?

An Excise Number is the identification number issued by the competent authority in respect of the person or premises. That means that an Excise Number identifies a Registered Trader, an Authorised Warehousekeeper or a Tax Warehouse within the excise community.

What is my excise number?

An Excise Number is the identification number issued by the competent authority in respect of the person or premises. That means that an Excise Number identifies a Registered Trader, an Authorised Warehousekeeper or a Tax Warehouse within the excise community.

What is EMCS?

The Excise Movement and Control System (EMCS) is a computerised system for monitoring the movement of excise goods under duty suspension in the EU. It records, in real-time, the movement of alcohol, tobacco and energy products for which excise duties have still to be paid.

What is an excise tax example?

Excise taxes are most often levied upon cigarettes, alcohol, gasoline and gambling. These are often considered superfluous or unnecessary goods and services. To raise taxes on them is to raise their price and to reduce the amount they are used. In this context, excise taxes are sometimes known as "sin taxes."

What is a seed check?

A European register of operators (SEED) is used to check the excise numbers of the consignor and consignee. The eAD is electronically transmitted by the Member State of dispatch to the Member State of destination.

What is excise tax definition?

Excise taxes are taxes paid when purchases are made on a specific good, such as gasoline. Excise taxes are often included in the price of the product. There are also excise taxes on activities, such as on wagering or on highway usage by trucks.

What do you mean by excise?

1. A percentage levied on manufacture, sale, or use of locally produced goods (such as alcoholic drinks or tobacco products). 2. A percentage tax levied on a company's revenue, instead of (like income tax) on the company's income. ... Also called excise tax.

What is mean by excise duty?

A percentage levied on manufacture, sale, or use of locally produced goods (such as alcoholic drinks or tobacco products). 2. A percentage tax levied on a company's revenue, instead of (like income tax) on the company's income. ... Also called excise tax.

What does it mean to excise something?

An excise tax is a special tax levied on specific products sold within a country. To excise something can also mean to get rid of it. ... Interestingly, the word excise (ek-SIZE) used as a verb means to remove something by cutting it out. Good luck with excising the excise taxes!

How do you use excise in a sentence?

How to use excise in a sentence. Hand tools such as spades, shovels, sickles etc, which currently attract a 16 per cent excise duty will also be fully exempt. Mr. Speaker Sir, the rates of excise duty have now been considerably moderated.

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