January 16, 2026
Home Posts tagged excise duty
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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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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
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