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Price+of+cigarettes+increased
Saturday, 06 October 2012 - 13:02
Price of cigarettes increased
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The price of all brands of cigarettes has been increased with effect from today.

Accordingly each brand will be increased by two rupees.

The price revision to cigarettes comes in the wake of increase in duty on cigarettes & tobacco products done under the excise act.

A notice on Sri Lanka's customs office said excise duty on tobacco on cigars had been raised to 7,000 rupees a kilogram, and cigarettes below 60 millimeters to 4,612 rupees per 1,000 units from 4,037 rupees.

For cigarettes between 60 and 67 millimeters taxes were raised from 9,258 rupees a kilogram from 8,112 rupees in March for 1,000 units and for cigarettes between 67 and 72 millimeters taxes were raised to 12,100 rupees per 1,0000 from 10,953 rupees.

For cigarettes between 72 and 84 millimeters taxes were raised to 14,963 rupees per 1,000 from 13,815 rupees and for cigarettes of over 84 millimeters to 18,500 rupees from 17,100 rupees in March.

Sri Lanka's budget deficit had expanded to about 5.6 percent of gross domestic product by July 2012, compared to a year-end target of 6.2 percent of the year.

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