Millions of cigarettes confiscated
A total number of 13 Million illegal cigarette sticks have been confiscated from January to March 2014, data released today said. Customs alone have been responsible for confiscating 98% of it. Meanwhile in an effort to create awareness among its employees on the impact of illegal smuggling and trading of cigarettes (illicit trade), Ceylon Tobacco Company (CTC) recently conducted an ‘Anti-Illicit Trade (AIT) in Tobacco Week’ at its head office in Colombo. The company also launched a dedicated hotline 077 2 440794 for employees to report the sale and distribution of illicit tobacco products in Sri Lanka. It is estimated that globally Governments lose US$ 40 billion in revenue from unpaid taxes due to the illegal cigarette trade. It is noteworthy to mention that this amount is sufficient to provide 75kg of rice to every person in Africa.
Related Posts
Chennai: Customs seizes gold, foreign cigarettes
During a personal check, gold bangles weighing 390 grams valued at Rs 14 lakh...
Anti Counterfeit Market for Food and Pharmaceuticals Expected to Reach US$79.3 Billion by 2014
According to a new market research report, ‘Anti Counterfeit Market for Food and...
SI 64 will fuel smuggling
Industry has said government's recent import restrictions are going to fuel more...
Fake Medicine Sale In Odisha: Glenmark Issues Advisory On How To Know Originality
Bhubaneswar: In the wake of distribution and sale of its duplicate products in...



