E. Cobham Brewer 18101897. Dictionary of Phrase and Fable. 1898.
Excise (2 syl.)
means literally, a coupon, or piece cut off (Latin, excido). It is a toll or duty levied on articles of home consumptiona slice cut off 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.