itc share price nse bse excise duty tax national calamity contingent duty

ITC shares are successful absorption connected the important Budget time contiguous (February 1) arsenic cigarettes whitethorn pull a 5 per cent hike successful taxes. Ahead of the fund announcement, ITC shares traded mildly higher by 0.27 per cent oregon Rs 1.2 astatine Rs 448.75 per stock connected the BSE, portion its day's debased and precocious are Rs 444.45 and Rs 452.6 per share, respectively. 

If the hike successful excise work connected cigarettes is announced, it volition beryllium the archetypal specified summation successful 4 years. At present, the excise work connected cigarettes up to 65 mm  is Rs per 1,000 sticks and this is besides applicable for filter cigarettes betwixt 70 mm and 75 mm. Besides, determination is a national calamity contingent work (NCCD), which was enactment successful spot since 2023 and ranges betwixt Rs 230 to Rs 850 per 1,000 sticks.

Zee Business Managing Editor Anil Singhvi connected the ITC banal said that connected the fund day, it is apt to determination 2-3 per cent up oregon down. 

Other stocks from the battalion including Godfrey Phillips India Ltd and VST Industries besides traded with mild gains. However, amid precocious uncertainty astir taxation hike successful the upcoming budget, each of the stocks tumbled up to 10 per cent successful January. 

ITC shares hogged the limelight connected a much caller ground station the demerger of the company's hotels business- ITC Hotels- which is present a listed entity trading connected the bourses.