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NCCD DUTY
Godfrey Phillips India shares rocket 31% in just 3 sessions! Here’s what’s fuelling the rallyGodfrey Phillips India shares are surging. Companies are raising cigarette prices to cover higher costs, in light of the new tobacco tax re...- ITC investors alert: What does a hike in statutory tobacco taxation in Budget fineprint revealITC shares fell nearly 3% during the Budget-day session as investors reacted to the December cigarette tax overhaul kicking in from Februar...
- FMCG sector urges infra investment, tax reforms, job creation in Budget 2025 to boost demandBudget: Investments in digital infrastructure, skill development, and MSME promotion are crucial for reigniting consumption in the economy,...
- Budget 2025: Will FM Nirmala Sitharaman increase 'sin tax'?The Indian government held steady on sin taxes for tobacco in the latest budget. Cigarette taxes remained unchanged. A proposed 35% GST on ...
- Cigarettes won't burn a bigger hole in smoker's pocket this year as Budget leaves prices unchangedThis year's Union Budget was presented on July 23 by Finance Minister Nirmala Sitharaman. No increase was made to the National Calamity Con...
- 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...
- Duty hike on cigarette to have a nominal impact on prices, say expertsFollowing the announcement in the Budget 2023-24, excise duty on filter cigarettes of length more than 70 mm but not exceeding 75 mm will g...
- 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...
- Prices of cigarettes may go up post Sitharaman's proposal to hike duty by 16%Analysts expect the companies will increase prices by around 2 to 3% which will not impact sales, since there was no major price increase i...
- Budget 2023: ITC recovers sharply even as FM hikes NCCD on cigarettes by 16%The government hiked the National Calamity Contingent Duty (NCCD) on cigarettes by 16%. NCCD accounts for about 10% of overall taxes on cig...
- Budget key event for ITC; NCCD hike of less than 5% positive for stock: JefferiesThe upsides for the stock include volume growth in cigarette business as ITC regains share from illicit trade and the margin expansion in n...
- Budget 2023: Hike in cigarette tax, higher spend on rural schemes on anvil for FMCG cosWhile taxation of tobacco is primarily under the purview of the GST Council, the central government also levies a National Calamity Conting...
- 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...
- Budget 2020: Smokers to pay more on cigarettes, excise duty hiked on tobaccoPrice of cigarettes will go up by 6-7% in case of lower priced packs where the stick size is small and has borne the maximum increase in du...
- 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...
- Hero net up due to refund of national calamity contingent dutyProfit before exceptional item and tax for the quarter, however, fell 15.4 per cent to Rs 1136.35 crore due to falling volumes amid a secto...
- Budget 2012: Duties on fibres should be brought down to 4%, says FICCIThe duty differential between cotton and synthetics continues, even though Polyester today is the fabric of 'Aam Aadami', said FICCI.
- Budget 2012: Discontinue National Calamity Contingent Duty on crude oil, says FIEOThe Planning Commission, in its Integrated Energy Policy says that energy prices in the country should be internationally aligned.
- Naphtha duty may leave textile companies in knotsPolyester and nylon clothing are set to turn costlier by 2-3%. The imposition of 5% Customs duty on naphtha (an input for manmade fibres) i...
- Brace up for a tsunami cessThe government may impose a special natural disaster surcharge in the coming budget on the lines of the Gujarat levy.
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