In a chat with ET Now, Sanjay Manyal, ICICI Securities says ,“the last five years’ trend shows the kind of tax incidence has been levied specifically excise duty increases has happened, almost every year and that has led to volumes declining by double digit. Edited excerpts: Read more here: GST is a positive move for the cigarette companies: Sanjay Manyal, ICICI Securities
Read More Here: GST is a positive move for the cigarette companies: Sanjay Manyal, ICICI Securities
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