Cigarette industry bracing for 6-8 pc volume contraction post add’l excise duty levy: Crisil
New Delhi: The domestic cigarette industry is bracing for a 6-8 per cent volume contraction in the next fiscal, following the imposition of additional excise duties and an increase in GST rates from February 1, Crisil Ratings said on Wednesday. Currently, cigarettes are charged 28 per cent goods and services tax (GST), along with a…
