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HIGH CIGARETTE TAXES
ITC Q2 net profit falls 20% as high taxes keep margins in checkITC reported a 20% decline in standalone net profit for the September quarter despite a 45% increase in revenue. The rise in cigarette taxa...- ITC flags illicit trade pressure on cigarettes; digital-first businesses grow over 70%ITC Ltd has reported a significant increase in its digital-first and organic FMCG portfolio, achieving over 70% year-on-year growth. Howeve...
- ITC Q2 Results: Profit falls 18% to Rs 4,229 crore, revenue rises 5%ITC Q2 Results: ITC Ltd reported an 18.5% decline in consolidated net profit for the September quarter on Monday as a sharp fall in earning...
- Brazil presidential election results: Five economic challenges facing re-elected President LulaBrazil's economy is encountering significant challenges as President Lula starts his fourth term in January. Soaring public debt and rising...
- ITC shares slide 3% on block deal buzz; FMCG giant down 29% in 2026ITC shares witnessed a drop on Thursday amid reports of likely block deals, with nearly 39 crore shares changing hands across the NSE and B...
- Largecap safety trade? 8 Nifty stocks test investor patience with losses for two yearsOver the past two years, eight Nifty stocks have experienced declines, with notable IT giants like TCS and Infosys pressured by shifts in c...
- Tobacco Institute of India urges Centre to reconsider cigarette tax hikeThe Tobacco Institute of India warns that a significant excise duty hike on cigarettes will harm farmers, MSMEs, and retailers, while boost...
- ITC shares rally over 6% to hit fresh 52-week high. Was the Budget really so good?For ITC, cigarettes constitute more than 80% of the company’s net profit and about 45% of its topline. Therefore, tinkering in taxes has an...
- 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 ...
- Government has last laugh on GST cigarette issueThe ITC stock surged to a record high two weeks ago after the announcement that overall GST rates were reducing the overall tax incidence o...
- Cigarette tops list of smuggled goods in 2015-16: FicciIn the last one year, the Department of Revenue Intelligence had seized smuggled cigarettes worth Rs 162 crore as compared to Rs 90.75 cror...
- VAT on cigarettes coming down: ReportThree big states have not altered value added tax (VAT) on cigarettes, which will reduce the overall VAT rate used in calculation for cigar...
- 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 ...
- Beedis a bigger killer, tax them like cigarettesThere is a glaring omission in the government's anti-tobacco crusade. Why doesn't it crusade against beedis too, which are a far bigger kil...
- Health minister Harsh Vardhan for raising tax on cigarettesHarsh Vardhan has asked the finance ministry to raise tax on cigarettes of all lengths by Rs 2 to 3.5 per stick.
- Budget 2012: Maintain tax stability in excise rates for cigarette/tobacco industry, says FICCIExcise Duty rates should be kept unchanged to leverage the tax efficiency of cigarettes by encouraging shifts from non-cigarette forms of c...
- 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...
- Assocham seeks removal of VAT on cigarettesIndustry body Assocham has called for the removal of the 12.5% value added tax (VAT) on cigarettes and other tobacco products.
- 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...
- 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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