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Finance Ministry removes addl excise duty on tobacco, cigarettes - The News
Posted
July 6, 2017
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213
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July 6, 2017
213
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0.94%
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2:25Now PlayingThe Finance Ministry has removed additional excise duty on tobacco, pan masala and cigarettes with effect from July 1, following the GST rollout. This decision, according to analysts, could decrease the total tax levied on cigarettes by 4-9%.
The revenue department also "rescinded" the central excise notification dated February 27, 2010, which deals with excise duty rate on unmanufactured tobacco and chewing tobacco.
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