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BRIEF-ITC Ltd says taxation policy not suitable for India
October 27, 2017 / 11:33 AM / a month ago

BRIEF-ITC Ltd says taxation policy not suitable for India

Oct 27 (Reuters) - ITC Ltd:

* Says taxation policy of country‍​ largely cigarette-centric, based on western models of tobacco taxation

* Taxation policy not suitable for India

* Duty-paid cigarettes account for only about 11 percent of tobacco consumption in country versus global average of more than 90 percent Source text: bit.ly/2y8HM9B Further company coverage:

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