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.
1
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.