The charges imposed by the government on locally manufactured goods is called

Assessment: WAEC SSCE - Commerce - 2008 (Objective) Subject: Commerce

Question 1 Report

The charges imposed by the government on locally manufactured goods is called
Answer Details
The charges imposed by the government on locally manufactured goods is called "excise duties". Excise duty is a tax levied on the production or sale of a specific good or product within a country. It is imposed by the government on goods that are produced domestically rather than on goods that are imported. Excise duties are generally charged as a percentage of the value of the goods, and the revenue generated from these taxes is often used to fund government programs and services. Examples of goods subject to excise duties include alcohol, tobacco, and petroleum products.
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