|
Budget Impact on the Cigarette Sector
Overall impact: Neutral
Excise Duty
- Cigars, cheroots and cigarillos
of tobacco or tobacco substitutes which have been exempt so far shall attract
16% CENVAT.
- While past Budgets have
invariably seen excise duty on cigarettes being hiked, this time round, excise
duty has remained unaltered.
|
Excise Duty (Rs per
thousand sticks)
|
|
Product
|
2000-01
|
2001-02
|
2002-03
|
| Non
filter Cigarettes |
|
< 60 mm
|
115
|
135
|
135
|
|
60 mm - 70 mm
|
390
|
450
|
450
|
| Filter
Cigarettes |
| < 70
mm |
580
|
670
|
670
|
| 70 mm
- 75 mm |
945
|
1090
|
1090
|
| 75 mm
- 85 mm |
1260
|
1450
|
1450
|
| > 85mm |
1545
|
1780
|
1780
|
| Biris |
6
|
7
|
7
|
|
Excise Duty (%)
|
|
Product
|
2000-01
|
2001-02
|
2002-03
|
|
Cigars or cheroots of tobacco
or tobacco substitutes
|
Nil
|
Nil
|
16%
|
|
Customs Duty - Basic
(%)
|
|
Product
|
2000-01
|
2001-02
|
2002-03
|
|
Cigarettes
|
35%
|
35%
|
30%
|
YOU MAY ALSO WANT TO READ:
The Rediff Budget Special
The Rediff-Dun & Bradstreet Budget Analysis
More Budget Stories
Money
|
|
|
