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Feb 1, 2023 5:56 PM
Budget 2023: ITC plunges 6% as NCCD on cigarettes hiked sharply by 16%
The government left this duty untouched for 2 years. In the Budget for FY21, the NCCD was raised by 2-4 times across cigarette stick sizes, resulting in tax hikes of 9-15%.
The Economic Times
https://economictimes.indiatimes.com/markets/stocks/news/...
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NSE:ITC price when posted: 351.65