More than 230 years ago, one of the first acts of the First Congress in 1789 included a relatively mundane, but important, tax policy allowing a refund on excise taxes. Unfortunately, this has become ...

The Ministry of Finance has already issued a notification stating that the additional excise duty on cigarettes will be ...

Smokers and consumers of chewing tobacco products will now feel a sharp pinch from February 1st, as the Centre rolls out a ...

From February 1, India will impose additional excise duty on tobacco and a health cess on pan masala, replacing compensation cess, leading to sharp declines in tobacco company stocks.

The Centre issued an order on Wednesday to implement a new health and national security cess on tobacco and related products, replacing the GST compensation cess, with effect from 1 February. At the ...