Begin typing your search above and press return to search.
proflie-avatar
Login
exit_to_app
Trump
access_time 22 Nov 2024 2:47 PM GMT
election commmission
access_time 22 Nov 2024 4:02 AM GMT
Champions Trophy tournament
access_time 21 Nov 2024 5:00 AM GMT
The illness in health care
access_time 20 Nov 2024 5:00 AM GMT
The fire in Manipur should be put out
access_time 21 Nov 2024 9:19 AM GMT
America should also be isolated
access_time 18 Nov 2024 11:57 AM GMT
DEEP READ
Munambam Waqf issue decoded
access_time 16 Nov 2024 5:18 PM GMT
Ukraine
access_time 16 Aug 2023 5:46 AM GMT
Foreign espionage in the UK
access_time 22 Oct 2024 8:38 AM GMT
exit_to_app
Homechevron_rightBusinesschevron_right16% increase on...

16% increase on cigarette duty as smoking becomes more expensive

text_fields
bookmark_border
16% increase on cigarette duty as smoking becomes more expensive
cancel

New Delhi: Smoking will become an expensive habit as a result of the increased customs charge and the upcoming 16% tax increase on cigarettes. Nirmala Sitharaman, the finance minister, made the declaration during the presentation of the Union budget on Wednesday.

After Finance Minister Nirmala Sitharaman proposed a rise in cigarette taxes in the Union Budget, shares of cigarette companies, including Godfrey Phillips India and ITC Ltd, fell by up to 5% on the BSE on Wednesday.

The stock of Godfrey Phillips slumped as much as 4.92 per cent to Rs 1,828.75 on the BSE, while Golden Tobacco declined 3.81 per cent to Rs 59.4.

Shares of ITC were trading 0.78 per cent lower at Rs 349 on the bourse.

NTC Industries dropped 1.4 per cent and VST Industries slipped 0.35 per cent.


With PTI inputs

Show Full Article
TAGS:Union budget of IndiaCigarette
Next Story