Definition
Excise duty, also known as excise tax, is a type of indirect tax imposed on certain goods, such as alcohol, tobacco, fuel, or luxury items, at the point of manufacture, sale, or consumption. Excise duty rates may vary depending on the type and quantity of goods and are intended to discourage consumption, regulate behavior, and generate revenue for government purposes.
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Private Limited Company (Ltd)
A Private Limited Company (Ltd) is a type of company where the ownership is divided into shares held by a small number of shareholders. The liability of shareholders is limited to the amount unpaid on their shares, and the company’s shares cannot be traded publicly on the stock exchange.
Limited Liability Partnership (LLP)
A Limited Liability Partnership (LLP) is a business structure where partners have limited personal liability for the debts and obligations of the partnership. Each partner’s liability is limited to their investment in the LLP, and they are protected from the actions of other partners.