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India Cuts Fuel Duties Amid Oil Price Surge

By Uniquetimesorg March 27, 2026 0

India has sharply reduced excise duties on petrol and diesel to shield consumers from rising global oil prices, while introducing windfall taxes on diesel and aviation fuel exports. The special excise duty on petrol fell from 13 rupees per litre to 3 rupees, and diesel duty was cut to zero from 10 rupees per litre. […]Continue Reading

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New Tobacco Tax Regime Kicks In From February 1, Replacing GST Compensation Cess

By Uniquetimesorg January 31, 2026 0

From February 1, cigarettes, pan masala and other tobacco products will come under a new taxation framework, as the Centre replaces the GST compensation cess with additional excise duties and a health and national security cess. The move ends the nine-year-old system of 28% GST plus compensation cess, introduced with GST in 2017, and marks […]Continue Reading

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Tobacco Manufacturers Mandated to Install CCTV, Retain Footage for Two Years

By Uniquetimesorg January 2, 2026 0

Tobacco product manufacturers producing chewing tobacco, gutkha, and jarda scented tobacco have been directed to install fully functional CCTV systems covering all packing machines by February 1, as per a new finance ministry order. The footage must be preserved for a minimum of 24 months to strengthen regulatory oversight and curb tax evasion in the […]Continue Reading

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Indian Tobacco Stocks Slide After Government Imposes Fresh Cigarette Tax

By Uniquetimesorg January 1, 2026 0

Shares of major Indian tobacco companies fell sharply on Thursday after the government announced a new excise duty on cigarettes, a move that is expected to raise prices for nearly 100 million smokers across the country. Market leader ITC dropped 4.4%, while Godfrey Phillips India, which distributes Marlboro cigarettes in India, declined 7.7% following the […]Continue Reading