Tag: Cigarette smuggling still booming

Smuggled market share is around 14 to 18% for cigarettes, which translate to 500 to 700 million sticks. A 40-foot container of smuggled cigarettes can add up to a profit of between Rs. 250-400 million. The loss of tax revenue from illicit tobacco is equivalent to 27 to 40% of the annual Samurdhi spending in […]