Duty hike on cigarettes will have negligible impact on smokers: Experts2 min read . Updated: 02 Feb 2023, 07:20 PM IST
- The upward revision in NCCD on cigarettes is not expected to have a material impact on the profitability of cigarette manufacturers
In the Union Budget 2023, the government announced a 16% hike in duties on cigarettes. While emphasizing that the hike will not have much impact on the price of cigarettes, experts said that it will have negligible impact on smokers and the industry will easily absorb the shock.
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