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CBR likely to introduce tax stamp to control tax evasion on cigarettes. ISLAMABAD: Following the continued tax evasion through fake and smuggled cigarettes in the country, the federal government is seriously considering to introduce the tax stamp system in the upcoming annual budget. CBR likely to introduce tax stamp to control tax evasion on cigarettes. The tax-paid stamp on every pack of cigarettes would help in controlling the unabated tax evasion through counterfeit and smuggled...

However, the prices of tobacco have remained stable because of decreased demand for beedi as a major part of the tobacco grown in Gujarat is used in beedis. In Andhra Pradesh and surrounding places naxalites have posed a great threat to tobacco farming as they have created labour unions resulting in an ugly labour issue. The area under tobacco shrunk substantially during the last five years due to various reasons in Gujarat. Disrupted power supply is taking its toll on tobacco farming. The...

Excise tax collected from manufacturers of cigarettes and liquor fell 17 percent in the first quarter of the year despite the imposition of higher taxes on so-called sin products for the third straight year. Finance Undersecretary Gil Beltran attributed the lower tax take from alcohol and tobacco products to the decision of local producers to frontload their withdrawals from warehouses late last year to take advantage of lower rates. Beltran said the rate of excise tax slapped on...

All but about $600,000, which goes for operational costs, goes to programs, such as campaigns against tobacco use and a free telephone service for those who want to quit using tobacco. are tobacco-related, preventing tobacco use is the single greatest factor in reducing cancer incidence and mortality,'' Ken Rowe, chair of the board of directors, said. Voters in 2000 approved a constitutional amendment to permanently set aside a portion of Oklahoma's share of the tobacco settlement. The...