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CIGARETTE INDUSTRY TAXATION
ITC's packaged foods business crosses $2 billion in revenueITC's packaged food business soared past $2 billion in FY26, with overall FMCG consumer spending reaching Rs 37,000 crore. This growth was ...- No slowdown yet, but inflation and El Niño are risks: ITC's Sanjiv PuriITC Chairman Sanjiv Puri revealed plans for a Rs 20,000 crore investment over the medium term, including hotel expansion. He highlighted st...
- Aditya Shah favors domestic growth themes, stays bullish on IT and infrastructure sectorAditya Shah of Hercules Advisors identifies EPC companies with strong order books as key infrastructure opportunities, favoring players lik...
- ITC shares fall 3% to fresh 52-week low; Motilal Oswal sees more pain aheadITC shares fell to a fresh 52-week low on Wednesday as investors reacted to steep tax hikes on cigarettes under the new GST 2.0 regime. Bro...
- Budget 2024: Stable taxation to improve cigarette volumesBREAKING: Union Budget for 2024-25 keeps cigarette prices stable! Smokers rejoice as taxes remain unchanged. Analysts predict positive impa...
- ITC shares jump 5% as cigarettes escape tax shocks in BudgetWhile taxation of tobacco is primarily under the purview of the GST Council, the central government also levies NCCD on cigarettes, subject...
- Budget keeps cigarette taxes untouched for second year in a rowICICIdirect analyst Sanjay Manyal said the stable taxation and excise duties on cigarettes would aid volume growth for cigarette companies ...
- ITC hikes cigarette prices by 20% to offset rise in taxITC, which accounts for every three of four cigarettes sold in the country, has increased prices by 10% in the premium segment, while for t...
- 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...
- Budget 2019: FAIFA urges government to correct cigarette taxation error to lessen burdenCigarettes account for 86% of revenue from tobacco taxation, while the contribution to tax collections from beedi and smokeless tobacco are...
- ITC, Godfrey Phillips, VST Industries rally as cess on cigarettes remain unchangedThe country’s largest cigarette maker ITC surged by 3.8% on Monday.
- Share of duty-paid cigarettes down substantially due to increase in tax: ITCITC said the tax on cigarettes has nearly trebled over the last six years whereby the taxation is about 50 times higher than other tobacco ...
- Tobacco farmers lobby seeks Centre's intervention to stop cigarette smugglingOrganisation said tobacco farmers in India are under extreme duress due to heavy taxation and adverse regulatory environment on the legal c...
- Budget 2018: Cigarette industry heaves a sigh of relief after six yearsAn industry executive said the tobacco industry was expecting no changes in the taxation rate in the Budget since after the introduction of...
- FAIFA demands roll back of cess on cigarettesThe association's General Secretary Murali Babu said the huge growth of illicit trade of cigarettes is a reflection of the unintended conse...
- High taxation reduces cigarette industry from 110 billion sticks to 95 billion sticks over last three yearsThe WHO report on tobacco taxation 2015 reveals that at 6.5% of per capita GDP, cigarette taxes in India are amongst the highest in the wor...
- West Bengal government increases tax on cigarette; may further increase pricesThe companies are likely to take the final call on exact price hike by April, as other state governments present their Budget.
- Cigarette companies: Price hikes with higher volumes hold promiseShares of cigarette companies have rallied over the past one month, with ITC, Godfrey Philips and VST Industries hitting record highs.
- Cigarette taxes are discriminatory: Kurush GrantDiscriminatory taxes on cigarettes have not helped reduce the tobacco consumption in the country, says ITC divisional chief executive (toba...
- Remove veil around state VAT on tobaccoGiven this high rate of excise on cigarettes, the current debate on a possible extension of the State VAT thereto, in addition to the excis...
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