From February 1, India will impose additional excise duty on tobacco and a health cess on pan masala, replacing compensation cess, leading to sharp declines in tobacco company stocks.

The government has restored excise duty on cigarettes and introduced a machine-capacity cess on pan masala to curb evasion, protect health, and safeguard revenues as GST compensation ends.

Smokers and consumers of chewing tobacco products will now feel a sharp pinch from February 1st, as the Centre rolls out a ...

More than 230 years ago, one of the first acts of the First Congress in 1789 included a relatively mundane, but important, tax policy allowing a refund on excise taxes. Unfortunately, this has become ...

ISLAMABAD: The Federal Constitu­tio­nal Court (FCC) on Tuesday ruled that a federal law imposing excise duty and a provincial law aimed at advancing labour welfare, though overlapping in scope, do not ...