Finmin notifies increased rates of Compensation Cess on 'Cigarettes'

Finmin notifies amended rates of 'Compensation Cess' applicable on Cigarettes w.e.f. July 18; Non-filter cigarettes upto 65 mm liable to 5% + Rs. 2076 per thousand sticks, while non-filter cigarettes of length between 65 mm to 75mm exigible to 5% + Rs. 3668 per thousand sticks; Rate of Cess prescribed at – (i) 5% + Rs. 2076 per thousand on filter cigarettes upto 65 mm, (ii) 5% + Rs. 2747 per thousand for filter cigarettes between 65 mm - 70 mm, and (iii) 5% + Rs. 3668 per t...