In FY23, legal cigarette players regained market share from illegal players, given no tax hike for two consecutive years. (IE) Although the government on Wednesday proposed a 16% hike in NCCD on ...
NCCD to stay in cigarette taxes from February 1, Finance Ministry confirms New tax on cigarettes: 40% GST, central excise duty, and existing NCCD Health cess and excise duty on tobacco products will ...
The petitioners contended that the purpose of GST is to consolidate and levy indirect taxes insofar as it relates to the goods and services. They said since the tobacco and its products were subjected ...
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Tobacco Institute of India said that India may become a preferred destination for " smuggled cigarettes" as the increase in National Calamity Contingent Duty (NCCD) will incentivise illegal cigarette ...
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Tobacco and Pan Masala Expected to Become Costlier Due to New Cess and NCCD in 2026 Budget
In the upcoming Union Budget 2026, the government is likely to introduce a new National Calamity Contingent Duty (NCCD) or a central cess on tobacco and pan masala products. This move aims to maintain ...
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