Correct option is C
The correct answer is (C) Excise duty on liquor.
Explanation:
Excise duty on liquor is levied by the State Government in India.
Incorrect Options Explanations:
- Customs: Levied by the Central Government.
- Corporation: Levied by local bodies.
- Capital gains: Levied by the Central Government.
Information Booster:
- Excise Duty on Liquor:
- Imposed by State Governments.
- Varies across states.
- Significant revenue source.
- Affects production, distribution, and sale of liquor.