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ITC investors alert: What does a hike in statutory tobacco taxation in Budget fineprint reveal
ITC shares fell nearly 3% during the Budget-day session as investors reacted to the December cigarette tax overhaul kicking in from February 1 and a statutory increase in NCCD rates for tobacco products. While the effective duty remains unchanged for now, the move has added policy uncertainty and pressured sentiment.
Sources: Economic Times - Markets (English), Hindu, NDTV +13 more
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