[istockwatch.com] Budget News: Excise duty hike unlikely to hurt cigarette cos

Finance Minister Pranab Mukherjee in his Budget for 2012-13 on Friday proposed a hike in basic excise duty on cigarettes of more than 65mm length by 10%. It will be charged on an ad valorem basis on 50% of the retail price.

See more: http://www.istockwatch.com/company/news-details.jsp?page=business/budget-news-excise-duty-hike-unlikely-to-hurt-cigarette-cos_682054

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Posted By istockwatch to istockwatch.com on 3/17/2012 03:35:00 PM

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