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Cigarettes set to become costlier as Budget proposes 16% hike in duty

New Delhi |¬†Cigarettes are set to become costlier as the National Calamity Contingent Duty (NCCD) on specified cigarettes has been revised in the Union Budget 2023-24. Union Finance Minister Nirmala Sitharaman, while presenting the budget on Wednesday, proposed to revise the NCCD on specified cigarettes upwards by about 16 per cent. The NCCD on specified […]