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    • Union Budget may announce new central cess or NCCD on tobacco, pan masala

      Since this is not a GST levy, the Council’s approval will not be necessary. The new central levy will have to be approved by Parliament.

    • Duty hike on cigarette to have a nominal impact on prices, say experts

      Finance Minister Nirmala Sitharama in the Union Budget for 2023-24 on Wednesday proposed to revise and increase the duty on cigarettes to about 16 per cent.

    • Need govt's help to adopt euro 6 norms: Ashok Leyland

      Ashok Leyland's MD and Siam president Vinod Dasari says the National Calamity Contingent Duty (NCCD) has to go and only alcohol and tobacco industries pay this duty

    • Bajaj Auto Q2 profit falls 29% on one time liability

      On the exceptional item, the company said it had filed a writ petition before the Uttarakhand High Court in October 2011, claiming benefit of exemption from payment of NCCD by Pantnagar plant. On October 9, 2014, the court ruled otherwise, it added.

    • Isec expects Bajaj Auto's volumes to rise by 15-18% next yr

      Isec's auto analyst Karan Mittal tells CNBC-TV18 that on the surface Bajaj Auto's third quarter numbers are positive. The issue however is the NCCD which they have yet to make provision for.

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