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Cigarettes to become costlier as tax increased by 16%
short by Pragya Swastik / on Wednesday, 1 February, 2023
Cigarettes will become costlier as Finance Minister Nirmala Sitharaman during the Union Budget 2023-24 announced that the National Calamity Contingent Duty (NCCD) on specific cigarettes will be revised upwards by 16%. The NCCD was last revised three years ago, Sitharaman said while proposing the hike in the duty.
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