Indian Polity · Polity
Under Section 24-B of the United Provinces Excise Act, 1910, what does the 'License Fee' legally represent?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A value-added tax on the sale of fermented beverages
- 2An administrative charge for granting permission to cultivate hemp
- 3The consideration or rent for parting with an exclusive privilege✓
- 4A fiscal penalty for the unauthorized manufacture of spirits
Correct answer
The consideration or rent for parting with an exclusive privilege
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