cigarette tax in india Cigarette, Tobacco Hike Will Cut Smokers, Raise Revenue ITC Plunges Most in Over

ITC Plunges Most in Over Two Years on Higher Cigarette Tax Shock Bloomberg The Indian government has announced a new excise duty on cigarettes, which will come into effect from February 1, 2026. Following the announcement, shares of major tobacco companies saw a sharp fall. Certainly we don't want cigarettes to become affordable," Finance Minister Nirmala Sitharaman said as she sought parliament's approval for the measure. Current taxes on cigarettes include a 28% goods and services tax A 150 cigarette pack includes nearly 58 in taxes meaning almost 40% of the price goes to GST, cess, NCCD and excise duty. The base value of 10 filter cigarettes is

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