
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
Pharmaceuticals and Food Anti-Counterfeiting Technologies Market 2019 – 2025 Industry Size, Share, Opportunities and Growth Analysis with Top Players Inksure Technologies, Sun Chemical, CFC International, Data System International
This report demos every aspect of the Anti-Counterfeiting Packaging market...
Prison guard accused in tobacco smuggling, bribery scheme
A prison guard was indicted on bribery charges Wednesday for allegedly smuggling...
Sh35m counterfeit goods netted
The extent to which Kenyans are consuming fake goods, some suspected to be...
CBP Officers Intercept More Than 24,000 Counterfeit Headphones
Portal, N.D. — U.S. Customs and Border Protection (CBP) officers recently...