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Cigarettes, Pan Masala Get Costlier From Today, Feb 1: Check New Rates Here
- The government of India will implement a new tax structure on tobacco products and pan masala starting February 1, which aims to tighten regulations on these items.
- An additional excise duty will be charged on cigarettes and tobacco products, and a new health cess on pan masala will be introduced.
- Pan masala manufacturers will be required to register under the new law and install CCTV cameras covering packing machines.
- The move aims to align India with global tobacco taxation practices and strengthen health funding, seeking a total tax burden of 88% on pan masala products.
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19 Articles
Cigarettes, Pan Masala To Be Costlier From Feb 1 As New Excise Duty Kicks In
From February 1, the government is bringing a new tax structure for cigarettes, tobacco products and pan masala, aiming to tighten regulation and keep tax levels high on these so-called sin goods'.
·New Delhi, India
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The Economic Times
Higher excise, health cess to kick in on tobacco products, pan masala from February 1
New taxes on cigarettes, tobacco, and pan masala begin February 1. This marks a major tax change for these products. Excise duties and a health and security cess are introduced. GST rates are adjusted, and a new MRP-based valuation system for tobacco products aims to curb evasion. Steeper duties and tighter compliance measures are now in effect.
·India
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Total News Sources19
Leaning Left0Leaning Right4Center2Last UpdatedBias Distribution67% Right
Bias Distribution
- 67% of the sources lean Right
67% Right
C 33%
R 67%
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