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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Bars and restaurants will be packed with fans watching the Mayweather Pacquiao fight Saturday night. Fans will pay a record $99.99 to watch the fight in HD at home. But bars and restaurants have to pay much more, using a formula that accounts for a location's capacity.Naturally, the licensing fees for this fight are also at a record high.prinkled among them will be the Pay-Per-View police looking for venues that didn't pay the expensive licensing fee to show the match. Fans will pay a record $99.99 to watch the fight in HD at home.