Cigarette Production Up 50% Last Year
Cigarette Production Up 50% Last Year

Cigarette Production Up 50% Last Year

Cigarette Production Up 50% Last Year

About 45 billion cigarettes were produced in Iran over the last fiscal year (March 2016-17), registering a 50% rise compared with the year before, the head of the Center for Tobacco Planning and Supervision said.
“The output met close to 82% of domestic demand for cigarettes. Plans are to increase this figure to 90% by the end of the current year (March 20, 2018),” Ali Asghar Ramzi was also quoted as saying by the Persian daily Abrar-e-Eqtesadi.
The official added that 4 billion cigarettes were imported last year, down from 16.4 billion in the previous year, indicating a 76% drop.
Smuggled cigarettes, says Ramzi, saw a 30% decrease from 8.6 billion cigarettes two years ago to 6 billion last year.
According to the Health Ministry, Iranians smoke about 55 billion cigarettes annually.
The government aims to call a complete halt to cigarette imports.
Members of the Iranian Parliament approved in mid-January cigarette and tobacco tax rates, as part of the sixth five-year development plan (2017-22).
Based on the new law, the tax rate on locally-produced tobacco and cigarettes is set at 10%. The rate stands at 20% for local brands jointly produced by domestic and foreign manufacturers, 25% for domestically produced cigarettes with foreign brand names and 40% for imported cigarettes and tobacco, IRNA reported.
The MPs also mandated the Ministry of Industries, Mining and Trade to announce the retail prices of cigarettes and all tobacco products to relevant authorities for taxation purposes and for printing on cigarette packs.

Short URL : https://goo.gl/cebUlr
  1. https://goo.gl/GRYZn9
  • https://goo.gl/Vtxzlo
  • https://goo.gl/mOQZoX
  • https://goo.gl/KUoIne
  • https://goo.gl/Q2Emb6

You can also read ...

Oman Eyes Iran Market Amid Rising Imports
Ithraa, Oman’s inward investment and export promotion agency,...
Luxgen’s S3 is a 5-seater subcompact sedan equipped with a 1.6-liter, 116 hp gasoline engine.
Local company Arman Motor Kavir is set to unveil two imported...
Iran Exim Bank Tapping NDFI Resources
Export Development Bank of Iran–the country's exim bank–is to...
Iran Missing Advantages of Foreign Banks’ Presence
Tehran Chamber of Commerce, Industries, Mines and Agriculture...
Billet and bloom shipments made up the bulk of exports, reaching 1.78 million tons, up 28% year-on-year.
Iran’s semi-finished steel exports during the first seven...
Roadmaps for SSO Recovery
The research arm of the Iranian Parliament has conducted a...
About 1.23 million shares valued at $68.49 million changed hands at TSE on Nov. 22.
Tehran Stock Exchange’s main index gained 564.50 points or 0....
Local producers have often called  on the government to increase import tariffs on tires.
In order to “protect domestic production”, the Industries...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.