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Cigarette, pan masala get costlier as new excise duty, cess come into effect
short by Medhaa Gupta / on Sunday, 1 February, 2026
The additional excise duty on tobacco products like cigarettes and a health cess on pan masala have come into effect on February 1. Under this, these 'sin goods' will now face the new levies over and above 40% GST. Nearly ₹1 lakh crore has reportedly been wiped out from ITC's market value since new levies were announced a month ago.
read more at ET Now