Taxation · Union and State Excise
Given below are two statements: one is labelled as Assertion (A) and the other as Reason (R). Assertion (A): The Union Government levies excise duty on goods manufactured in India. Reason (R): State Governments levy excise duty on alcoholic liquor for human consumption under the State List. In light of the above statements, choose the correct answer:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(A) is false but (R) is true
- 2(A) is true but (R) is false
- 3Both (A) and (R) are true but (R) is NOT the correct explanation of (A)✓
- 4Both (A) and (R) are true and (R) is the correct explanation of (A)
Correct answer
Both (A) and (R) are true but (R) is NOT the correct explanation of (A)
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