cigarette tax in india 2025 new excise law prices The Indian government has announced

The Indian government has announced a new excise duty on cigarettes, which will come into effect from February 1, 2026. Following the announcement, shares of major tobacco companies saw a sharp fall. Tobacco Institute of India writes on the tax hike on cigarettes , In a significant fiscal policy move, the government has decided to increase the tax burden on tobacco related products starting Smokers woke up to sticker shock as cigarettes and tobacco products became more expensive following fresh tax changes that came into force on 1 February. The price hike sparked an instant reaction India could be on the verge of one of its biggest cigarette price shocks in decades. Parliament has approved a major overhaul of cigarette taxation, a move that could push prices sharply

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