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'excise' is correct and can be used in written English.
It is mainly used as a verb meaning to remove something from something else or to impose a tax on certain goods. For example, "The government recently decided to impose an excise on certain luxury goods."
Exact(60)
The excise increase had been scheduled to take effect from 1 August, and will now occur on 10 November, with further inflation-linked increases on 1 February and 1 August 2015.
Billions of dollars of the government's proposed budget savings are under threat with Labor declaring opposition to more than half of their welfare reforms as the Greens revealed they would oppose the indexation of the fuel excise.
Halfon is one of the few Tory MPs with the credentials to make that sort of joke and Cameron's plans to boost apprenticeships or excise daft red tape is fine, too.
Drivers didn't like the indexation of the fuel excise.
Figures obtained by Guardian Money reveal that DVLA clampings have risen dramatically since October, when the agency did away with paper vehicle excise duty discs.
Related: The DVLA joins the scammers' ranks | Letters While most motorists know that tax discs are no longer required, what is catching out many is that vehicle excise duty is automatically cancelled if a car changes ownership – even if there is a valid disc in the window.
Another Money reader, Angus Walker, had to pay £465 to get his hybrid car back from the pound after it was towed by the DVLA, even though the car is not liable for vehicle excise duty due to its super-low emissions.
The government will legislate to make sure those groups it intended to exempt from the excise increases – primarily farmers and miners – would not have to pay the increase.
The Greens have said they will back the reindexation of fuel excise, giving the government enough votes for it to pass the upper house.
The former prime minister John Howard froze regular increases in fuel excise to counter community concern over rising fuel prices around the time he introduced the goods and services tax.
Petrol excise indexation is another key budget decision that faces defeat in the Senate, at a cost to the Abbott government's budget of $2.15bn over the next four years.
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