g Unprecedented increases in FED with irregular increases in threshold will not help achieve revenue targets

In the recent budget, government increased the FED rates for Tier 2 brands by Rs 3,000 per 1000 sticks to Rs 5,050 and by Rs 10,000 per thousand sticks for Tier I brands to Rs16,500. This has resulted in an increase of 146% to 154% respectively. The retail price threshold, however, was increased from Rs6,660 […]