
Hope on GST to curb cigarette smuggling: Tobacco Institute of India
TII says India has become fastest growing and fourth largest illegal cigarette market in the world.
The coming national goods and services tax (GST) will, says the cigarette industry, help curb smuggling of items in the segment.
Cigarettes, both duty paid and tax paid, comprise 15 per cent of the entire tobacco market in India, which was estimated at Rs 144,000 crore in 2015.
The Tobacco Institute of India (TII), representing 98 per cent of duty-paying cigarette makers, says the country has become the fastest growing and fourth largest illegal cigarette market in the world, on account of excessive taxation.
Related Posts
Court finds Turkish company guilty of selling fake L’Oreal products
French cosmetics giant L’Oreal has won a lawsuit against Turkish retail chain...
VN sizes up massive smuggling caseload
Vietnamese authorities discovered and solved hundreds of thousands cases of...
Smuggled via jet skis & ports $100m illegal gun trade in T&T…
There is a $100 million illegal gun trade in this country and some of the drugs...
Report: 10 Malaysians caught smuggling over 100kg of gold bars into Japan
PETALING JAYA: More than 100kg of gold bars allegedly brought from Malaysia were...

 
 
