Tobacco stocks fall: ITC, Godfrey Phillips down as government readies new cess, excise bills; steep levies proposed
CNBC Aawaaz reported citing unidentified sources that the proposal includes a cess of Rs 2,700-11,000 per 1,000 cigarettes: Rs 3,000 per 1,000 cigarettes suggested for up to 65mm filter sticks; and Rs 4,500 per 1,000 cigarettes for 65-70mm sticks.
CNBC Aawaaz reported citing unidentified sources that the proposal includes a cess of Rs 2,700-11,000 per 1,000 cigarettes: Rs 3,000 per 1,000 cigarettes suggested for up to 65mm filter sticks; and Rs 4,500 per 1,000 cigarettes for 65-70mm sticks.
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