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ILLICIT TOBACCO
Philip Morris India calls for stronger enforcement and collaboration to disrupt illicit tobacco ecosystemAs per the Tobacco Institute of India (TII), in India, illicit cigarettes represent nearly one-fourth of the domestic market, with estimate...- 2,400,000,000,000: Chinese are smoking nearly half of world's totalChina's cigarette consumption has surged by 39% between 2003 and 2023, contrasting with a global decline. Despite fewer young smokers, low ...
- ITC, Godfrey Phillips shares rally up to 7% on reports of 17% hike in cigarettes priceITC and Godfrey Phillips India shares jumped up to 7% on Wednesday after a report said both companies may raise cigarette prices by as much...
- Tax hike raises risk of smuggling of tobacco products and revenue loss for govt: ExpertsExperts warn that a significant tax hike on cigarettes, effective February 1, could fuel illicit trade and lead to substantial tax revenue ...
- GST authorities uncover Rs 104 cr tax evasion in illicit tobacco trade, 61 cases detected in Q1GST authorities detected 61 cases of illicit tobacco products, involving Rs 104.38 crore in tax evasion, during the first quarter of FY25. ...
- Over Rs 58,000 crore in taxes lost due to illicit trade in FMCG, mobile, tobacco, alcohol industry: Ficci reportThe FMCG industry alone accounted for 75% of the total illicit value of goods in five key industries. Tobacco products and alcoholic bevera...
- Farmers' body FAIFA asks Prime Minister Modi to withdraw bill on cigarette, tobaccoFederation of All India Farmer Associations (FAIFA) General Secretary Murali Babu said that in the amendment bill all the provisions of the...
- GST intelligence detects Rs 225 crore tax evasion, busts illicit pan masala manufacturers in IndoreThe total duty implication in this fraud is estimated to be around Rs 400 crore, the statement issued by the DGGI said.
- FAIFA asks govt for tax policy that disincentivises illegal cigarette tradeThe Federation of All India Farmer Associations (FAIFA), which claims to represent farmers of commercial crops from various states, includi...
- Cabinet approves accession to protocol under WHO framework convention to eliminate illicit tobacco tradeThis will be applicable to both smoking and chewing or smokeless tobacco (SLT) forms as negotiated and adopted under Article 15 of the WHO ...
- Cigarette, tobacco smuggling incidents jump 136% in 2yrs: ReportMaximum revenue loss to the exchequer came from illicit trade of tobacco products, mobile phones, alcoholic beverages, it said.
- 22% shrinkage in legal cigarette sales in IndiaTobacco farmers are very disturbed because of declining off-take from domestic manufacturers.
- Budget 2016: Excise duty hike on tobacco products will have negative impact on cigarette companiesITC, the country’s largest cigarettes seller, did not respond to the mail seeking comment on the latest excise hike in the national budget.
- Farmers' body seeks CBI probe against anti-tobacco health activists, money trailFederation of All India Farmer Associations (FAIFA), a body of farmers' associations from across the country mostly into cultivation of cas...
- CIC reg flags illicit tobacco business in Tihar; seeks reportCentral Information Commission directed the jail authorities to inquire about illicit tobacco trade in Tihar prison and submit a report bef...
- PM Narendra Modi highlights harms associated with tobacco consumptionOn the World No Tobacco Day, Prime Minister Narendra Modi today highlighted the harms associated with tobacco consumption and pressed for r...
- Smuggling of cigarettes into India increases four times: WHOCigarette smuggling into the country increased four-fold between 2012 and 2014, seizure data from the Directorate of Revenue Intelligence (...
- Health secretary stresses on need to check illicit tobacco tradeDirectorate of Revenue Intelligence's seizure data indicates a four-fold increase in the value of seizures of smuggled cigarettes in 2014 a...
- Why illicit tobacco should be stubbed out immediatelyIllicit trade of tobacco is playing havoc with public life. Therefore, stopping illicit trade of tobacco products is a health priority, as ...
- Contraband cigarette market in India estimated at Rs 1,700 cr'Extremely high' excise duty on cigarettes in India has increased the incentives for contraband trade in the country, estimated at Rs 1,700...
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