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Increase in Federal Excise Duty on Cigarettes

Federal Board of Revenue has issued SRO 422(I)/2004 to give immediate effect to the proposed enhancement of Federal Excise duty on Cigarettes vide Finance Bill, 2015. These rates have been made effective from 04.06.2014. The new rates of federal excise duty on cigarettes are as under:- TABLE S. No. Description PCT heading Rate of Duty…