EXCISE

excise (tax)

ex‧cise [uncountable and countable]

the government tax that is put on the goods that are produced and used inside a country

excise officer (=someone who collects excise)

excise duty/tax (=the money paid as excise)

excise duty on tobacco

➔ Customs and Excise

Definition from the Longman Dictionary of Contemporary English
Advanced Learner's Dictionary.

The verb usage of excise has another meaning:
formal to remove or get rid of something, especially by cutting it out:
The tumour was excised.
—excision noun [uncountable and countable]
Definition from the Longman Dictionary of Contemporary English 
Advanced Learner's Dictionary.