Tag: excise duty on tobacco
Posted in Business
ITC shares plunge most in six years after India raises tobacco, cigarette tax| Business News
Shares of India’s largest cigarette maker ITC Ltd. fell the most in six years after the government imposed higher tax on tobacco products. ITC is…
Posted in Business
ITC share price takes a hit as India hikes excise duty on cigarettes from February 1| Business News
The government has imposed additional excise duty on tobacco products from 1 February 2026, making cigarettes costlier for an estimated 10 core smokers in the…
Posted in Economy
Parliament Winter Session: Finance Minister Sitharaman moves two bills for new cess on tobacco and other ‘sin goods’
New Delhi: Finance minister Nirmala Sitharaman on Monday moved two new bills in the Lok Sabha to replace the existing compensation cess under goods and…