Examlex
What is looping logic?
Excise Tax
A tax charged on specific goods and services, such as tobacco and alcohol, often imposed to discourage their use or to generate revenue.
Sales
The exchange of a commodity for money; the action of selling something.
Quota
A limit placed on the quantity of a specific good that can be imported or exported during a given timeframe, usually to protect domestic industries.
Excise Tax
A type of tax charged on specific goods, services, and activities, often with the intention of reducing their consumption or generating revenue.
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