India facing a 12% increase in contraband cigarettes

Posted on February 1, 2013 • Filed under: Counterfeit

According to high excise duty on cigarettes in India has resulted in the growth of contraband trade of the product with the total market estimated to reach Rs. 1,900 crore this year, up nearly 12% from the previous year, according to industry estimates. In 2010-11, the size of contraband cigarettes market in India was around Rs. 1,700 crore. Read Article

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