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Article: Where there's smoke... ; ...There must be smuggling. Indian-made cigarettes, the #1 FMCG, are facing a tidal wave of smuggled imports that get away without paying killer excise rates.
- Article from:
- Business Today
- Article date:
- April 5, 2009
- Author:
CopyrightCopyright 2009 Business Today. Provided by ProQuest LLC. (Hide copyright information)
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They come in many names, from the suspiciously familiar 'Classic'
to 'Dolphin', in classy packs of 20s, and sit next to top foreign
and Indian brands in Kolkata's paan shops. Their edge: pricing. At
Rs 20 for Myanmar's Golden Elephant against Rs 80 for ITC's Gold
Flake, they have become the perfect starting point for the upwardly
mobile bidi-smoker or gutkha chewer who has lost access to all cheap
non-filter cigarettes.
Cut to the Commissioner of Customs (Preventive), Chander Bhan,
who reigns over the borders of West Bengal and Sikkim. He displays a
record haul of top-end foreign brands seized from Sealdah station in
February. Valued at nearly Rs 40 lakh, it has taken this year's
total haul ...
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Article: ITC Q4 net up 9.97% at Rs 808.99 cr.
PTI - The Press Trust of India Ltd.;
May 22, 2009 ;
556 words
... ... turnover during 2008-09 at Rs 15,388.11 crore, up from previous fiscal's Rs 13,947.53. "This performance ... in excise duties on non-filter cigarettes, coming close on the heels ... Shares of ITC closed at Rs 183.25, up 0.60 per ...
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