ITC is also likely to launch more products at 74 mm category with larger price increases to negate excise impact in king size brands.

ST retrospectively expands “specified services,” making head-office services used for export eligible for refund. Rejections based on pre-amendment interpretation were set aside with limited remand ...

Finance and taxation minister Harpal Singh Cheema on Thursday said that a Ludhiana businessman was arrested in a ₹9 crore goods and services tax (GST) fraud case, while an excise and taxation inspecto ...

Chandigarh: A Ludhiana-based businessman was on Thursday arrested in a Rs 9-crore GST fraud case, while an excise and taxation inspector was dismissed.

Nigeria may increase its sin tax on alcohol and tobacco as part of a $750m World Bank loan agreement, aiming to boost non-oil revenue starting in 2026.

The complainant, Lakshminarayana C, alleged that officials demanded Rs 2.30 crore for clearing the licences — Rs 80 lakh for the CL-7 licence and Rs 1.5 crore for the microbrewery licence. Later, the ...

Lucknow: The Uttar Pradesh government is drafting a new Excise Policy 2026-27 to accelerate industrial investment in the state and strengthen revenue resources, officials said on Thursday. Under the ...

The new excise tax (ET) framework, effective from January 1, has led to price increases for alcohol, tobacco, carbonated drinks, and pan masala - goods deemed harmful to health. wholesale development ...

Did our AI summary help? Uttar Pradesh is preparing for a major expansion of its excise economy, fixing a revenue target of Rs 68,000 crore for the next financial year and redesigning its excise ...

A small pack of cigarettes will soon burn a hole in your pockets, with the government imposing an additional excise duty on several tobacco products effective February 1. The revised tax structure ...

NEW DELHI-India has imposed an excise duty on cigarettes in a range of 2,050 rupees (S$29) - 8,500 rupees per thousand sticks based on the length of the products, effective Feb 1, the Finance Ministry ...

Shares of Indian tobacco companies fell on Thursday ‍after the government imposed a new tax on cigarettes, making them costlier for an estimated 100 ‌million smokers in the world’s most populous ...