
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
What can be expected if Ohio’s tobacco taxes increase?
The tobacco tax increase also comes with $8 million for programs to help tobacco...
GST officials bust illegal tobacco factory in Delhi, seize goods worth Rs 4 crore.
A team of the Central Goods and Services Tax (GST) Delhi West Commissionerate...
Fake goods valued at $6.5M seized in Toronto
'Unsafe' knockoffs included Viagra, cosmetics, contact lenses Police in...
Don’t be fooled – Supermarkets selling fake wine in alcohol aisle – some containing just 11% of alcohol
Supermarkets have been caught selling "wine based drinks" in their alcohol aisles...