Consider the following statements with reference to the Excise Duty :
1. Excise duty is a form of tax imposed on goods for their production, licensing and sale.
2. After GST was introduced, excise duty was replaced by state GST.
3. Presently, excise duty applies only on petroleum and liquor.
Which of the statements given above is/are correct?
1
1 and 2
2
2 and 3
3
1 and 3
4
1, 2 and 3