Share of duty-paid cigarettes down substantially due to increase in tax: ITC

The country’s largest cigarette maker,  ITC Ltd said the share of duty-paid cigarettes has come down substantially in 2017-18 accounting for 11% of the total tobacco consumption in the country due to high and discriminatory taxation on the sector while overall tobacco consumption in the country continues to grow. In its fourth quarter earnings release, the Kolkata-based company said despite a…