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CONTRABAND CIGARETTES
Could your next pack of cigarettes be funding criminal networks? Inside Western Canada’s billion-dollar contraband tradeWestern Canada faces a surge in illegal cigarette trade. This market links with organized crime. It affects public health and diverts gover...- DRI seizes contrabands worth Rs 3,500 cr in FY 24; narcotic drugs, gold major contributorsRevenue Intelligence officers seized contrabands worth Rs 3,500 crore in FY 2023-24, with narcotic drugs and gold seizures constituting a m...
- Drugs worth Rs 3.66 crore seized in Mizoram, two heldAssam Rifles and the Customs Preventive Force seized the foreign-origin cigarettes worth Rs 2.38 crore, contained in 109 cases, suspected t...
- Hold VST Industries, target price Rs 3300: ICICI DirectVST Industries, incorporated in the year 1930, is a Mid Cap company (having a market cap of Rs 5068.81 Crore) operating in Tobacco sector.
- 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...
- New health warnings on cigarette packs will threaten to commoditise the market: ITCThe company, which accounts for four out of five cigarettes sold in the country, said the new warning will lead to an increase in smuggling.
- 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...
- Assam, Meghalaya losing Rs 700 crore every year to illegal cigarette tradeAccording to officials in Assam and Meghalaya governments, almost 23 crore illegal cigarette sticks are sold in these two states every mont...
- Budget 2015: Widen tax base to cover all tobacco products, says TIIHigh taxation should not be restricted only to cigarettes but all forms of tobacco must be included to counter the growing menace of contra...
- Impose higher taxes on all illegal tobacco products: TIIExcise duty was increased to 72 per cent on cigarettes of length not exceeding 65 mm and to 11-21 per cent for those of other lengths.
- Budget 2015: More tax on cigarette means more contraband tobacco intake, Y C DeveshwarCigarettes account for a little less than half of its total sales, which stood at Rs 8,800.22 crore in the October-December period.
- India 6th largest market for illegal cigarettesAt an estimated 2,000 crore, India has become the sixth largest market for contraband cigarettes, casing huge revenue losses to the governm...
- Commerce Ministry seeks view on cigarette importsCommerce Ministry has sought opinion from finance and industry ministries over a demand from tobacco farmers to tighten import of cigarette...
- Contraband cigarettes market estimated at Rs 1,900 crore this yearHigh excise duty on cigarettes in India has resulted in the growth of contraband trade of the product with the total market estimated to re...
- Union Budget 2011: Excise duty on cigarettes unchangedCigarette makers heaved a sigh of relief as union finance minister kept excise duty on cigarettes unchanged in the Union Budget 2011-2012.
- 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...
- 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...
- Cigarette smuggling to hit tobacco farmers hard: ASSOCHAMContraband cigarettes, estimated to be at Rs 1,700 crore, are posing a threat to the livelihood of five million tobacco farmers in the coun...
- FDI in tobacco will increase contraband trade: TIIExpressing concern over the possibility of FDI in the Indian tobacco sector, Tobacco Institute of India (TII) has said such a move will not...
- Burnout: Tax rides ciggy-back, & it sure hurtsThe cigarette story has remained much the same over the last year. Consumption of cigarettes continues to be the lowest among different tob...
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