Bad news for smokers as ITC hikes cigarette prices
Wednesday, February 8, 2017, 1:25 PM
Smokers have bad news coming. ITC will hike cigarette prices across all brands by 4%. ITC has also hiked prices of premium cigarette brands by 8-9%. Finance Minister has hiked excise duty on unmanufactured tobacco from 4.2% to 8.3% in Budget 2017. Excise duty on chewing tobacco, filter khaini and jarda scented tobacco; have doubled to 12% from 6% earlier.