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 lady doctor Dr Stuti Shukla was found hanging in her husband's home in Aligarh district of Uttar Pradesh on Sunday night and her paren...
-
Food inflation eased to 10.63 per cent for the week ended November 5 even as prices of agricultural items, barring onions and wheat, continu...
-
Afghan security forces and their NATO allies have launched a new push against the Al-Qaeda-linked Haqqani network along the troubled Pakista...
-
Yoga guru Swami Ramdev today said black flags being shown or shoes being thrown at leaders like Rahul Gandhi were because of their karma (wo...
-
Tung (North Sikkim), Sep 23: With rescue teams facing difficulties to reach some farflung quake-hit areas in Sikkim, hundreds of survivors a...
-
In a majority verdict, the Supreme Court today upheld the criteria of the Election Commission (EC) for granting symbols to unrecognised regi...
-
Italian authorities arrested Lazio captain Stefano Mauri and more than a dozen others Monday as part of a wide-ranging investigation into ma...
-
Maria Sharapova beat Caroline Wozniacki in an exhibition at Madison Square Garden on Monday -- though she lost the only point she played aga...
-
New York, Nov 14: Calling Air India “one of the most poorly-run airlines in the world”, American carriers have opposed the US Exim Bank’s US...
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment