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Cigarettes to Get Costlier From Feb 1: New Excise Duty Pushes Up Prices Across Brands

Starting February 1, cigarette prices in India will increase due to a new excise duty imposed by the government. The revised tobacco tax structure introduces an additional charge ranging from Rs 2,050 to Rs 8,500 per 1,000 sticks, applied in addition to the existing 40% GST, making cigarettes significantly more expensive, especially for medium-length and premium brands.

Cigarettes to Get Costlier From Feb 1: New Excise Duty Pushes Up Prices Across Brands

Credit: Timesnownews

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.
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Sources

  1. Cigarettes to Get Costlier From Feb 1: New Excise Duty Pushes Up Prices Across Brands

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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