Tobacco Board urges Finance Minister to revisit tax hike; flags farmer distress, illicit trade risk and tax revenue loss
Tobacco Board urges Finance Minister to revisit tax hike; flags farmer distress, illicit trade risk and tax revenue loss is drawing significant interest across the industry.
The Tobacco Board has written to Finance Minister Nirmala Sitharaman seeking a rollback of the sharp excise duty hike on cigarettes, warning of severe impact on tobacco farmers, workers and higher risk of illicit trade.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
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