Real Dictionary

excise in American English 1
a tax or duty on the manufacture, sale, or consumption of various commodities within a country, as liquor, tobacco, etc.
to put an excise on
noun: an internal tax or duty on certain commodities, as liquor or tobacco, levied on their manufacture, sale, or consumption within the country
transitive verb: to impose an excise on

excise in American English 2
to remove (a tumor, organ, etc.) by cutting out or away
transitive verb: to expunge, as a passage or sentence, from a text

excise in British English 1
noun: a tax on goods, such as spirits, produced for the home market

excise in British English 2
to delete (a passage, sentence, etc); expunge