"Excise" is derived from the Latin word "Excisum / Excidere," which means to cut out. Excise duty is a duty levied upon goods manufactured and not upon sales or the proceeds of the sale of goods. It is attracted by the event of manufacture but collected at some convenient stage, which may be after the said event, only for administrative convenience.
Excise Duty and CENVAT
Excise duty has been renamed as Central Value Added Tax (CENVAT). CENVAT includes "duty," "duty of excise," or "duties of excise." I hope it is now clear to you that both are one and the same thing.
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Manjay Kumar Sharma | Senior Consultant
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