The government has imposed new excise duties on cigarettes, raising costs significantly for smokers and impacting tobacco company shares.
Tobacco stocks tumbled as the Indian government raised the tax incidence on cigarettes to 77% of retail value, aligning with ...
ITC might need to hike cigarette prices by “at least 15%” to pass on the overall impact to consumers, if not higher. ITC gets ...
Cigarettes will attract more excise duties ranging from Rs 2,050 to Rs 8,500 per 1,000 sticks, depending on their length.
The government has restored excise duty on cigarettes and introduced a machine-capacity cess on pan masala to curb evasion, ...
Smoking is set to pinch the pockets of nearly 10 crore smokers across the country, with the Union government imposing an additional excise duty on tobacco products effective February 1, 2026, making ...