ITC Stock Drops on Higher Excise Duty, Health Cess in Budget
ITC shares fell after Budget 2026 proposed higher excise duty on tobacco and a new health cess on pan masala, effective Feb 1. Cigarettes set to get costlier. Full analysis inside.
Category : Search result: excise duty on cigarettes
New Tax on Tobacco, Pan Masala from February 1
The government introduces a new tax structure for tobacco and pan masala from February 1, replacing the GST compensation cess with additional duties. Learn the impact.
Tata Steel Rallies 8% on Govt's Steel Duty Extension
Tata Steel shares continue their rally, gaining 1.2% to hit a one-month high after India extends safeguard duties on steel imports for three years. Discover the impact on the sector and future demand outlook.
New Tobacco, Pan Masala Taxes Effective February 1
India hikes excise duty on tobacco and imposes a health cess on pan masala from February 1, likely raising prices for 100 million smokers. Read the full details and impact.
ITC, Godfrey Phillips shares tank on cigarette excise duty hike
Shares of ITC and Godfrey Phillips fell sharply after the government announced a hike in excise duty on cigarettes in the interim budget. The new rates are effective from February 1. Read for full market impact analysis.
Centre Raises Excise Duty on Cigarettes from Feb 1
The Indian government has increased the National Calamity Contingent Duty on cigarettes. Find out the new rates and the expected impact on prices and public health.
India imposes 3-year steel import duty to curb cheap shipments
India imposes 11-12% safeguard duty on select steel imports for three years to protect domestic industry from cheap shipments, primarily from China. Read the full details.
Kerala Vigilance Raids Expose Liquor Trade Corruption Network
Kerala vigilance uncovers deep-rooted corruption in liquor trade. Raids reveal bribes, fake records, and collusion between bar owners and excise officials. Read the shocking details.
ED Chargesheet Details Chhattisgarh Liquor Scam Syndicate
ED's new chargesheet reveals a massive liquor scam syndicate in Chhattisgarh involving politicians & bureaucrats from 2019-2023. Read the shocking details.
Ludhiana Bars Told Not to Serve Liquor to Under-25s
Ludhiana excise department issues strict orders to bars and hotels, prohibiting liquor service to individuals below 25 years. Violations will lead to license suspension.
Vigilance Launches 'Operation Bar Code' Across Kerala
Kerala Vigilance conducts surprise raids at 66 bars & excise offices over illicit liquor sales & bribery allegations. Public urged to report corruption via toll-free number.
3-year-old forced to drink alcohol in Belagavi bar, excise to act
A shocking incident in Belagavi's Raibag where a toddler was forced to consume alcohol sparks outrage. Excise department vows strict action against the bar. Details inside.
Kochi Excise's 24/7 Drive for Safe New Year 2026
Kochi Excise department launches a strict, multi-agency enforcement drive till Jan 5, 2026, to ensure safe celebrations. 24-hour control room active. Report anonymously.
Indiranagar residents flag excise rule violations as restobar opens
Residents of Bengaluru's Indiranagar raise alarm over a new restobar, 'YU', operating within 70 meters of a school, alleging violations of excise rules. Read the full report on the community's concerns.
Pune Excise Raids Illegal Liquor Party at Viman Nagar Pub
Pune excise department raided The Noir pub in Viman Nagar, booking 52 people and seizing items worth ₹3.67 lakh in an illegal liquor party. 21 squads formed for New Year vigilance.
Over ₹1 Crore Opium, Smuggled Cigarettes Seized in Assam
Assam Police seize 1.2 kg opium & smuggled cigarettes worth over ₹1 crore in Karimganj. Two arrested in major crackdown on cross-border smuggling.
Punjab teachers reject Rs 10 lakh compensation, demand justice
Teachers' organisations in Punjab reject govt's Rs 10 lakh ex gratia for deceased colleagues, term it discriminatory. They demand Rs 2 crore each & govt jobs for kin. Read more.
Noida issues 176 festive party licences for Christmas, New Year
Noida's excise department has issued 176 temporary licences for Christmas and New Year parties. Over 140 went to RWAs and housing societies. Read about the new rules and reduced fees.
Punjab Liquor Traders Urge Govt to Amend Excise Policy
Punjab liquor traders warn of financial stress, call for abolishing open IMFL quota system in 2026-27 excise policy. They cite oversupply and unsustainable competition as major threats.
Murder accused among two held with MDMA in Kollam
Kerala excise officials arrested two men, including a murder case accused, seizing 11.65 gm of MDMA. The duo allegedly procured drugs from a Nigerian national in Bengaluru. Read the full details.
Rs 1.5 Crore Base Price Set for Bengaluru Liquor Permits
Karnataka government fixes a Rs 1.5 crore base price for CL-2 and CL-9 liquor licences in Bengaluru. Read about the impact on the prized permits last issued in 1992.
Excise Dept Seizes 300 Bottles of Illicit Liquor in Mohali
Mohali excise officials arrest a smuggler near Mataur village, seizing 25 cases of whiskey meant for illegal sale in Chandigarh. Read the full details of the crackdown.
Patna HC: Return stolen vehicles used in liquor smuggling
Patna High Court orders return of stolen vehicles seized in liquor smuggling cases if owner is innocent. Landmark judgment protects victims from penalties for crimes of others. Read the full story.
974g Ganja Seized, 2 Arrested in Mysuru Excise Raid
Excise officials in KR Nagar, Mysuru, arrested two individuals and seized 974 grams of dry ganja near Thopamma temple. The accused were allegedly transporting the contraband for sale. Read the full details of the NDPS Act case here.
Hotels seek extended hours for festive season in Maharashtra
HRAWI requests Maharashtra govt to extend operating hours for bars & restaurants until 5 AM on Dec 24, 25, 31. Move aims to boost festive hospitality & tourism.
Gurgaon liquor racket: Main owner arrested after Bali escape
Sugreev Kumar, key owner of 'The Theka' in Gurgaon, arrested at Delhi airport in Rs 10-crore illegal foreign liquor case. Police have now detained five individuals in the major excise fraud.
Thiruvananthapuram Tightens Festive Season Security
Thiruvananthapuram excise department launches a special enforcement drive until Jan 5 to curb liquor and drug trafficking during Christmas and New Year. Public urged to report via helpline 0471-2473149.
Birch Partner Arrested for Forging Health NOC in Goa
Mapusa police arrest Ajay Gupta of Birch by Romeo Lane for allegedly forging a health officer's NOC to obtain an excise licence. Latest updates on the tragic fire case bail hearings included.
38 Defunct Liquor Licences Up for E-Auction in Coastal Karnataka
Karnataka begins a historic online auction of 38 defunct liquor licences in Dakshina Kannada & Udupi from mid-January. A state-wide move aims for transparency and revenue boost. Details inside.
Punjab GST up 16%, Excise revenue surges 8.64%
Punjab's GST collections surge 16% to Rs 17,860 crore till November. Excise revenue also rises 8.64%. FM Cheema credits tech-driven enforcement & OTS scheme for boosting state finances.
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