means literally, a coupon, or piece cutoff (Latin, exciʹdo). It is a toll or duty levied on articles of home consumption—a slice cutoff from these things for the national purse.
“Taxes on commodities are either on production within the country, or on importation into it, or on conveyance or sale within it; and are classed respectively as excise, customs, or tolls.”—Mill: Political Economy, book v. chap. iii. p. 562.
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