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EXCISE DUTY ON TOBACCO
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...- Zero excise duty on unbranded raw tobacco to benefit farmers, traders: Andhra CMAndhra Pradesh Chief Minister N Chandrababu Naidu welcomed the Centre's decision to reduce excise duty on unbranded raw tobacco products to...
- Higher excise, health cess to kick in on tobacco products, pan masala from February 1New taxes on cigarettes, tobacco, and pan masala begin February 1. This marks a major tax change for these products. Excise duties and a he...
- Excise duty on tobacco: Manufacturers to install CCTV, preserve footage for 24 months from February 1New rules mandate chewing tobacco and gutkha makers install CCTV systems by February 1. Footage must be kept for 24 months. Manufacturers w...
- ITC, Godfrey Phillips shares crack up to 19% on New Year’s Day. What’s the bad news?Tobacco stocks like ITC and Godfrey Phillips saw significant drops on Thursday. This follows the finance ministry's notification of an addi...
- Parliament approves Central Excise (Amendment) Bill, 2025 to levy excise duty on tobaccoParliament has approved a new bill. This legislation will allow for higher excise duty on tobacco products. This change will take effect on...
- Lok Sabha passes Central Excise (Amendment) Bill ahead of GST cess phaseout on ‘sin goods’New laws are set to tax tobacco and pan masala products. These bills replace the GST compensation cess. Excise duty will be levied on tobac...
- Parliament Winter Session: Finance Minister Sitharaman moves two bills for new cess on tobacco and other 'sin goods'New bills have been introduced to change taxes on tobacco and pan masala. The Central Excise Amendment Bill will levy excise duty on tobacc...
- Central Excise (Amendment) Bill, 2025: Govt tables bill for new levies on cigarettes, pan masala and gutkhaFM Sitharaman introduces Health Security National Cess Bill 2025 to replace GST compensation cess on tobacco products, including cigarettes...
- GST 2.0 reforms: Centre mulls extra duty on tobacco, states want shareTo maintain overall taxation on tobacco products post GST 2.0 reforms, the Centre may impose additional excise or special duty above the pr...
- Both GST and Excise duty can be imposed on tobacco: Karnataka HCThe Karnataka High Court has ruled that the Union government is entitled to levy Central GST (CGST) as well as excise duty on tobacco and t...
- Public health groups, doctors urge govt to hike excise duty on tobacco products in next Union BudgetPublic health groups, along with economists and doctors, have urged the government to increase excise duty on all tobacco products in the U...
- Cigarette companies gain ground despite duty hike, ITC surges 9%In the previous session also, cigarette stocks had recovered after falling sharply on the excise duty hike announcement.
- Budget 2016: Excise duty on tobacco products up by 10-15%; cigarettes set to cost moreCigarette prices are set to go up for the fifth successive year in India with the Budget announcing 10-15% increase in excise duty for all ...
- Budget 2016: NOTE wants Excise duty to be hiked for 'bidis' as wellUnion Finance Minister Arun Jaitley, in the budget presented today, increased Excise duty on tobacco products by 10 to 15 per cent, but exe...
- Budget 2015: Cigarette prices to go up by 10-15%Smoking is going to be costlier yet again with the budget increasing excise duty on cigarettes and cigars for the fourth consecutive year.
- Budget 2014: Excise duties on cigarettes, tobacco, pan-masala, gutka hikedCigarette price is going to go up by 12-14% for regular length cigarettes whose excise duty has been increased by 11-21%.
- 5% export duty on iron ore pellets; excise hiked on gutkhaThe government today imposed a five per cent export duty on iron pellets, a critical raw material for the steel industry, and raised excise...
- Union Budget 2012-13: Pranab Mukherjee hikes excise duty on tobacco productsThe finance minister announced structural changes in excise duties on tobacco products and an increase in rates, making the 'unhealthy habi...
- Budget 2011: ASSOCHAM recommends retention of single-point central, specific duty structure for cigarettesIndustry body, ASSOCHAM has recommended retention of single-point central, specific duty structure for cigarettes.
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