
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
One in three people who order designer products online receive a fake – prompting retailers to advise customers how to spot counterfeit items
A third of Americans have purchased designer goods online which have turned out...
Region rolls out sim card switch-off
The crackdown on fake phones and unregistered subscribers in East Africa is...
Fake money syndicate busted
POLICE in Bulawayo have smashed what appears to have been a well-orchestrated...
Shop closed down after selling illegal cigarettes
A convenience store has been ordered to close after selling illegal cigarettes,...