Key Highlights
- New excise duty will be implemented from February 1.
- Additional excise duty ranges from Rs 2,050 to Rs 8,500 per 1,000 sticks.
- The new duty is applied on top of a 40% GST on tobacco products.
- Price increases will be most noticeable for medium-length and premium cigarettes.
- The finance ministry has amended the Central Excise Act to enforce this change.
