EXCISE DUTY General • The Excise Duty Rates remain the same. • Thirteen cess which were levied under different enactments are proposed to be abolished. Rate Changes (Effective from 1st MARCH 2016) • Excise duty exemption on the concrete mix which is manufactured at the site for use in the construction work has now been extended to ready mix concrete. • Clean Environmental Cess (earlier Clean Energy Cess) that was levied on coal, lignite and peat, is being increased to Rs.400 per tonne from Rs…

Cigarettes are the leading cause of preventable death and disease in the United States (Centers for Disease Control and Prevention [CDC], 2015). Although cigarette smoking is the most common form of tobacco consumption; all types of tobacco increase the risk of chronic disease and mortality (World Health Organization [WHO], 2016). These chronic diseases result in long term health consequences, such as dependency on medications and/or physical assistance, which increases work absenteeism and decreases…

POLS 5440 Principles and Processes of Government Budgeting | Sin Taxes, Good or Bad? | An Examination of the Use of Sin Taxes in the United States | By: Stacy Madden4/27/2012 | Executive Summary Historically sin taxes have been an effective and efficient way for the government to raise revenue. The federal government used tariffs and consumption taxes to generate almost all of its revenue in the early years of our nation. The tax structure and philosophy has evolved and changed…

Discussion and Conclusion The purpose of this report was to investigate the effects of the stress of exams in the cigarette consumption level of young students. It was found that students are more prone to smoke when they are under the stress of exams. There are a significant amount of results that agree with the hypothesis. It was found that the majority of participants who claimed being smokers are in the age of 18-22 and are college students. Moreover, the 87% of the responses stated that exams…

Daniel Ströbel - Analysis of an excise duty: The policy of tobacco taxes in Germany Analysis of an excise duty The policy of tobacco taxes in Germany Master of Business Administration (MBA) Module: Assignment: Course Instructor: Economics 1/2 Dr.rer.pol. Markus Wilhelm Author: Daniel Ströbel 1 Daniel Ströbel - Analysis of an excise duty: The policy of tobacco taxes in Germany Executive Summary Aim of this work is to analyse tobacco tax in Germany and find out under which…

validating the null hypothesis by showing a direct relationship between consumption of cigarettes and price. By looking at the observed ration of reduced consumption to increased price ( 12.1%: 30.2% = 0.40) we can estimate the price elasticity. This elasticity shows the responsiveness of the demand of the product versus its change in price. This ratio was an expected value and shows direct correlation to consumption of tobacco products and there price and is consistent with similar studies…

A Project Study Report On Training Undertaken at Titled “Study of Excise Tax” Submitted in partial fulfillment for the Award of degree of Master of Business Administration Chandigarh Group of Colleges Submitted By: - Submitted to:- CHAMPA JOSHI MR. JITENDER KHULVE MBA III Semester PREFACE Summer training in any organization is an attempt to provide student a practical input & Exposure to the real world situation in which he has to work in future. My training in Tata Motors…

the world costs incomprehensible amounts of money and could never exist without taxes from the American people. Taxes are payments made by individuals and businesses to support the government and its services. The constitution grants that congress “shall have the power to lay and collect taxes, duties, imposts, and excises and to pay the debts and provide for the common defense and general welfare of the people”. Taxes paid by Americans redistribute wealth towards their central governments to go towards…

CHAPTER VIII. STUDY-CASES 1. THE CASE OF ROMANIAN CIGARETTE MARKET 1. Introduction Among the obligations assumed by Romania by(1) the EU Adhesion Treaty (2)there is the fact that, until 2010, the minimum tax level for cigarettes must be aligned with the minimum tax level of the member states – 57% of the most popular cigarettes’ (MPPC) price, but not less than 64 Euros for 1000 cigarettes. Through the modifications made to the Fiscal Code in April 2006 by the OU 33/2006 the government approved…

this investigation is to examine the suggestion of cigarette prices and developing a culture of no smoking by rising taxes on cigarettes. Methods: Data on smoking has been selected from the secondary sources. Status of smokers in West Virginia can be observed by the available facts and figures in different newspapers, 99 Results: The odds ratio for being a smoker was 1.21 where no-smoking by-laws were relatively infrequent and 1.26 when cigarettes are relatively low-cost, after changing for separate…