How India’s tax system helps heavily taxed cigarettes flourish
In March 2015 – in response to a drop in sales as taxes more than doubled over four years – India’s leading cigarette company ITC Ltd. shortened its discount Bristol-brand cigarettes by 5 mm. That allowed Bristol cigarettes to make use of India’s complicated six-tier cigarette-tax system and fit into the lowest tax bracket. So, a pack of Bristol costs the same as before.
Related Posts
FDA seize fake hand sanitisers from distributor in Kandivali worth Rs 2 lakhs
March 13, 2020
The Coronavirus that is spreading rapidly around the globe has nearly infected 73...
Operation REPLICA: 1.2 million counterfeit goods and 130 million cigarettes seized in EU-led operation
October 6, 2014
Over 1.2 million counterfeit goods and 130 million cigarettes were seized during...
Three men sentenced after probe into cigarette and tobacco smuggling led by HM Revenue and Customs
June 17, 2015
The gang evaded more than £220,000 in duty by sending more than 400,000...
Belagavi excise officials arrest man smuggling liquor from Goa, Rs 25 lakh worth alcohol seized
November 24, 2023
The excise officials seized 90 cartons of blenders pride, 20 liters of blend...