Govt proposes to increase tax on local tobacco products
Friday, 12 June 2009
FE Report
The government has proposed to increase tax on the locally produced tobacco products and items of luxury.
"Considering the demand from various anti-smoking campaigners including Ministry of Health and Family Welfare, I propose to increase the price slab for cigarettes and tariff value for domestic production of bidi alongside imposition of 10 per cent supplementary duty on Zarda and Gul," finance minister AMA Muhith said ion his budget speech.
He also proposed to increase the rate of supplementary duty applicable on the domestic production of beverages, polished and unpolished stones, tiles, mosaic, ceramic bathtub & jacuzzi, sink, basin, commode, bathroom fittings and impose 10 per cent supplementary duty on local production of glass sheet.
The government has proposed to increase tax on the locally produced tobacco products and items of luxury.
"Considering the demand from various anti-smoking campaigners including Ministry of Health and Family Welfare, I propose to increase the price slab for cigarettes and tariff value for domestic production of bidi alongside imposition of 10 per cent supplementary duty on Zarda and Gul," finance minister AMA Muhith said ion his budget speech.
He also proposed to increase the rate of supplementary duty applicable on the domestic production of beverages, polished and unpolished stones, tiles, mosaic, ceramic bathtub & jacuzzi, sink, basin, commode, bathroom fittings and impose 10 per cent supplementary duty on local production of glass sheet.