Definition of excise duty: A percentage levied on manufacture, sale, or use of locally produced goods (such as alcoholic drinks or tobacco products). Dictionary Term of Day Articles Subjects Sign Up BusinessDictionary
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NEW DELHI: The Tejas light combat aircraft programme will end up costing India well over Rs 55,000 crore at the very least. The overall developmental cost of the home-grown fighter, which remains a critical operational necessity despite still being in the making after 30 years, currently stands at Rs 17,269 crore.