High excise duty on cigarettes in India has resulted in the growth of contraband trade of the product with the total market estimated to reach Rs 1,900 crore this year, up nearly 12 per cent from the previous year, according to industry estimates.
In 2010-11, the size of contraband cigarettes market in India was around Rs 1,700 crore.
According to industry players, 17 billion cigarette sticks are smuggled into the country every year, making India the sixth highest consumer of smuggled cigarettes in the world.
From: http://ping.fm/ZrOOR
Popular Posts
-
A 22-year-old engineering student, who was hit by the official car of a Deputy Commissioner of Police here last month, has succumbed to inju...
-
A nonchalant Mohammed Hafiz Saeed, chief mastermind of 26/11 Mumbai attacks and chief of Jamaat-ud-Dawa (formerly Lashkar-e-toiba) on Monda...
-
Bollywood superstar Salman Khan has appointed a whopping 80 security guards to guard the film sets for Dabangg 2, reports Mumbai Mirror. Fro...
-
New Delhi, Oct 21: BJP’s ongoing “Jan Swabhimaan Yatra” is proving to be the last nail in the coffin of the Mayawati-led BSP government in U...
-
Lok Sabha All Set To Pass Lokpal And Lokayuktas Bill With Some Amendments
-
The rupee today declined by 18 paise to close at 52.20/21 against the US dollar on sustained demand from importers for the US currency amid ...
-
Younis Khan hit a confident 122 Saturday but Sri Lanka’s bowlers hit back to keep Pakistan under pressure after day three of the third and f...
-
Umpire Daryl Harper has withdrawn from the third Test between the West Indies and India in Dominica that begins from July 6. From: http://pi...
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment