An inevitable hike has been seen in cigarette prices after the imposition of excise duty on tobacco in Union Budget (2010-11)……..this news has influenced minds of cigarette smokers so much that they have started taking cigarettes in stocks…..Even many cigarette dealers in central eastern India like Kolkata had run out of stocks for some brands like gold flake, even the company didnt disclose on which brands the company would effect a price hike……
The rate of taxation on cigarettes before budget anouncement of (2010-11) was 190 percent which has now increased to 121% excise duty hike…….Thus concluding an inevitable hike in its price rise…. But still it will not effect smokers and chain smokers of drinking it.. They will not stop of doing this and they will continue their addiction…
Tags: chd, rise in price of cigarette