Category : Search result: excise penalty


ITC stock crashes 10% on new tobacco excise duty

ITC shares tumbled nearly 10% to a three-year low after the government announced a new excise duty on cigarettes. Analysts warn of price hikes and volume impact. Read the full analysis.

New Excise Duty on Tobacco Products Effective Feb 2

The Indian government has levied an additional excise duty on tobacco products like cigarettes and bidis. The new duty, effective February 2, aims to boost revenue. Learn about the impact on prices and industry.

Cigarette, Gutkha Prices to Rise After Govt Excise Duty Hike

The Indian government has sharply increased excise duties on cigarettes and tobacco products from February 1, 2024. This move will lead to higher retail prices for consumers. Get all the details on the new rates and their impact.

Heavy Police Deployment for New Year in Nashik, Kolhapur

Nashik and Kolhapur saw massive police arrangements to prevent drunk driving and ensure safety on New Year's Eve. Over 1,000 home guards were deployed. Read about the security measures and community initiatives.

Saudi Arabia's new sugar tax on beverages starts Jan 1

Saudi Arabia replaces its 50% flat tax with a four-tier excise duty based on sugar content from January 1, aiming to cut consumption. The UAE will implement a similar system in 2026. Read how this GCC health move affects prices.

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.

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