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
No comments:
Post a Comment