term reduced exce duty rate what is
Meaning of reduced excise duty rate. What is it: collect excise duty at a reduced excise duty rate.

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Definition reduced excise duty rate

REDUCED EXCISE DUTY RATE title: reduced excise duty rate (IS-OIL-DS-TDP) (SAP Library - Glossary)
REDUCED EXCISE DUTY RATE category: Tariffs, Duties and Permits (IS-OIL-DS-TDP)
REDUCED EXCISE DUTY RATE explained:

In special circumstances, the excise duty authority will collect excise duty at a reduced excise duty rate. The use of a reduced rate will normally be controlled by a licence issued by the authority.

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