Lead to 40% decline in production, ineffective T&T system results in losses of over Rs310b
Sales of illegal cigarettes rise to 63% of total volumes since duty hike
Says regulators have failed to stop sale of cheap, smuggled cigarettes
Analyst says 98% of revenue collected is borne by two companies
Industry points out higher taxes will also lead to increase in smuggling
Official says 'hectic efforts' being made to bust smuggling networks
"Taxation is known to be the most cost-effective control measure available to governments throughout the world"
Tracking system to roll out from July 1 to cover tobacco manufacturing
Prices of tobacco products are still same despite rupee depreciation
Company official says govt should raise taxes but consider moderating price elasticity