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Tax Hike Raises Risk Of Smuggling Of Tobacco Products & Revenue Loss For Govt: Experts

Tax Hike Raises Risk Of Smuggling Of Tobacco Products & Revenue Loss For Govt: Experts

Earlier this week, the finance ministry notified amendments to the Central Excise Act, imposing an excise duty ranging from Rs 2,050 to Rs 8,500 per 1,000 sticks based on cigarette length, effective February 1. This duty will be over and above 40 per cent GST.

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