india tobacco tax India: revenue from cigarettes 2020| Statista Centre's Tobacco Taxation Rejig from

Centre's Tobacco Taxation Rejig from Feb 1 Shares of India's largest cigarette maker ITC Ltd. fell the most in six years after the government imposed higher tax on tobacco products. Tap to read: https: www.hindustantimes.com business itc shares plunge most in six years after india raises A massive policy shift the Indian government announces a steep tax hike on tobacco, pushing a standard 18 cigarette pack to nearly 72, a 400% spike. Nirmala Sitharaman stresses that cigarettes must India could be on the verge of one of its biggest cigarette price shocks in decades. Parliament has approved a major overhaul of cigarette taxation, a move that could push prices sharply Centre plans new health and security cess to keep tobacco taxes high as GST compensation levy ends The Economic Times

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