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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...- GST officers arrest one for Rs 129 crore tax evasion through illegal manufacture, supply of cigarettesInvestigation conducted across Delhi and Haryana revealed that Sharma manufactured and supplied cigarettes under his registered brands 'Nid...
- 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 ...
- Cigarette sales will continue to be under pressure in India: ReportIn case of the economy cigarette segment, total tax accounts for over 75% of the price, while it is 50% in case of premium cigarette brands...
- 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.
- ITC, other tobacco firms to restart cigarette production in phasesOn May 5, ITC had said it has shut down its production till the time it is able to comply with "interim requirements" of 85 per cent pictor...
- Pakistan losing Rs 24 billion due to illicit cigarette trade: ReportThe pricing and regulatory differential with neighbouring Afghanistan also plays a key role in the continued inflow of smuggled cigarette i...
- GST effect: Investors dump cigarette makersGodfrey Phillips slipped 4.47 per cent (down 5.56 per cent), followed by VST Industries and Golden Tobacco, which declined 3.18 per cent an...
- Government needs to introduce tobacco regulation to prevent trade in illegal cigarettesSales volume has declined by as much as 15 per cent in the last two quarters, with the affordable sub-65 mm length cigarettes prices having...
- 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 2014: Cigarette makers urge government to not increase excise dutyWorried by falling stock prices cigarette makers are lobbying hard to prevent the government from hiking excise duty for the third straight...
- ITC slumps on worries over higher taxes in Union BudgetITC Ltd fell nearly 7% on reports that the government may raise taxes on cigarettes aggressively in the upcoming budget in July, dealers sa...
- 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.
- 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.
- Budget 2013: Cigarettes, cigars to become costlier by 15%As per Budget proposal, prices of entry-level smaller cigarettes, which are of the sub-65 mm length, will remain unchanged.
- 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...
- Union budget 2012-13: Cigarette prices to go up; no impact in stock priceBudget 2012 announced a proposal to increase basic excise duty on cigarettes of more than 65mm length by adding an ad valorem component of ...
- 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...
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