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In a slew of announcements made during the 2023 budget presentation, Finance Minister Nirmala Sitharaman has made some sectors shine, has provide relief to tax payers, but has hiked taxes on certain products. Here’s a look at what has become expensive and what has become cheaper. Finance Minister Nirmala Sitharaman has announced an increase in custom duty on cigarettes making it costlier. The tax on cigarettes have been hiked by 16 percent. Here is a look at what has become expensive:
India
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CNBC TV18•01-01-2026, 07:35

Centre Imposes New Excise Duty on Cigarettes, Prices to Rise from Feb 1

  • •Centre imposes new excise duty on cigarettes, effective February 1, as per Finance Ministry order.
  • •Duties range from ₹2,050-8,500 per thousand sticks, based on product length.
  • •This new levy is in addition to the existing 40% Goods and Services Tax (GST).
  • •The move is expected to increase cigarette prices for an estimated 10 crore smokers in India.
  • •Total cigarette taxes in India, currently 53% of retail prices, remain below World Health Organisation's 75% benchmark.

Why It Matters: New excise duty on cigarettes from Feb 1 will raise prices, impacting millions of smokers.

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