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You are Here : ITC's cigarette volumes may fall 3-4% in FY14: StanChart

Thursday, 02:35

In Budget 2013, government announced an increase in the excise duty on cigarettes. Till now four states have already increased value added tax (VAT) on cigarettes. Sanjay Singh of Standard Chartered Securities sees a 3-4 percent decline in cigarettes volume for ITC in FY14.
MAY 28, 2017
08:48 PM

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