- Last Update 2024-07-18 23:24:00
Finance Minister issues gazette reducing excise duty on cigarettes
Finance Minister Mangala Samaraweera has issued a gazette reducing the excise duty of a certain variety of cigarettes, a move drug resource centres say would cost the government Rs 1.4 billion a year.
The gazette, dated October 14, declares that the excise duty imposed on a batch of 1000 cigarettes measuring between 67mm - 72mm, would be reduced to Rs 33,000, with effect from October 15.
The previous duty, imposed through a gazette in July, stood at Rs 37,600.
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