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Negative for the tobacco sector
Topic Started: 6 Jan 2018, 10:37 AM (64 Views)
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Customs duty on bactofuges reduced from 7.5% to nil Excise duty on paper, paper board and articles manufactured out of non-conventional raw materials reduced from 12% to 8% with a further reduction on clearances up to 3,500 MT from 8% to nil. Excise duty on certain varieties of writing, printing and packaging paper is to be reduced from 12 %to 8% Cheap Tobacco Products Online. This is negative for the tobacco segment, which is already highly taxed. Reduction in excise duties on packaging products would provide thrust to the packaging segment. It would also help reduce wastage and spoilage Smoking Newport Cigarettes. Reduction in excise duties on tea Newport Cigarette Brands, coffee, water purification devices and breakfast cereals would lead to reduction in their cost and spur demand. Impact on companies

ITC has leading brands in the non-filter segment like Scissors, Hero, Bristol, and Capstan. While higher excise duty would reduce its sales volumes in non-filter segment, no increase in excise on filtered cigarettes is positive Marlboro Cigarettes Stock Price. Further, reduction on excise on paper and paperboard would boost demand. Reduction in water purification devices would help Hindustan Unilever by way higher demand for its product 'Purefit' that it recently launched. Reduction in excise on tea, coffee and breakfast cereals would help companies like Tata Tea [Get Quote], HUL, Nestle [Get Quote], McLeod Rusell. Also the funds provided for plantation crops would benefit Tata Tea Marlboro Cigarettes Shop, Tata Coffee [Get Quote] and Mcleod Rusell. Packaging materials is one area where most FMCG companies had expectations from the budget. The reduction in duties would drive growth in the processed foods and personal care segment. Essel Propack [Get Quote], Paper Products [Get Quote] and FMCG companies in food segment like HUL, ITC, Nestle and Britannia [Get Quote] would benefit. Equitymaster is currently celebrating its 10th Anniversary. To know more about the special offers on its equity research subscription services, please click here
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