Explanation
CENVAT (Central Value Added Tax) is related to Excise Duty.
CENVAT is a system of tax credit introduced in India for the taxation of goods and services. It allows manufacturers and service providers to claim a credit for the excise duty paid on inputs used in the production of goods or in the provision of services. The credit can be used to offset the excise duty payable on the final product or service.
Thus, the correct answer is B: Excise Duty.
