law, rule, regulation, precept, statute, ordinance, canon mean a principle governing action or procedure. law implies imposition by a sovereign authority and the obligation of obedience on the part of all subject to that authority. obey the law rule applies to more restricted or specific situations.
Indirect tax is a type of tax where the incidence and impact of taxation does not fall on the same entity. ... Indirect tax has the effect to raising the price of the products on which they are imposed. Customs duty, central excise, service tax and value added tax are examples of indirect tax.