The duties paid on goods produced locally is?

By: |Published on: Dec 10|Categories: Commerce JAMB| 0 comments

A. Ad-valorem duty
B. excise duty
C. export duty
D. quota

Correct Answer:

Option B – excise duty

Explanation

An excise duty is a type of tax charged on goods produced within the country

excise duty is a percentage levied on manufacture, sale, or use of locally produced goods

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