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The Council had in May fixed 28% as the top rate for cigarettes. A 5% ad valorem cess was levied on top of it and Rs 1,591 per thousand sticks as fixed cess on both filter and non-filter cigarettes of not exceeding 65 mm.

ITC says increase in compensation cess would 'exacerbate' legal sales

The high incidence of taxation on cigarettes was further compounded by increase in taxes announced by the GST Council.

27 July 2017 9:16 PM IST

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ITC reports increase in standalone net profit

The company reported 12.13 per cent increase in standalone net profit to Rs 2,669.47 crore.

26 May 2017 4:20 PM IST