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Cigarette company raided for excise duty evasion

admin — Tue, 22 Feb 2011 05:55:48 +0000

VARANASI: Unaccounted raw material and undeclared godowns, apart from huge stock of cigarettes worth crores, were unearthed by sleuths of Directorate General of Central Excise Intelligence, New Delhi, reportedly, at a manufacturing unit of a cigarette company in Shivpur locality, here on Monday. The DGCEI sleuths simultaneously raided the manufacturing units, offices and other establishments of this company in 10 cities across th ... Jump to full article >>

Northwest Smokers Blowing Past Cigarette Taxes

admin — Tue, 08 Feb 2011 07:41:36 +0000

PORT ORCHARD, Wash. — Walk into any store to see what current cigarette smokers live with every day — sticker shock. Partly because of rising taxes, one pack of cigarettes can now cost more than $7. But now, one Northwest company seems to have found a way around some of the highest taxes simply by changing the way they sell tobacco. At D-I-Y Tobacco, the goal is to have customers do it all themselves. The Port Orchar ... Jump to full article >>

Cigarette industry hit with novel claim for compensation

admin — Tue, 15 Jun 2010 06:24:49 +0000

The cigarette industry is facing a novel new claim for compensation over its 1990s smuggling spree, which has already led to heavy civil and criminal penalties against four tobacco companies. Farmers have filed $150-million in class-action lawsuits, alleging that the firms paid them the lower, export price for tobacco that was initially sent to the United States, but then smuggled back — tax-free — for the Canadian market. T ... Jump to full article >>

Debate over hefty cigarette tax increase heats up

admin — Fri, 17 Jul 2009 06:58:16 +0000

SACRAMENTO — Health care advocates are imploring Republican lawmakers and Gov. Arnold Schwarzenegger to rethink their opposition to taxes, especially in light of recent poll findings that show Republican voters overwhelmingly in support of increasing tobacco taxes to help solve the state’s $26.3 billion deficit. Support for a tobacco tax increase of $1.50 per pack cuts across party lines, according to a survey done by a b ... Jump to full article >>