Excise duties on tobacco products

Excise duties are taxes imposed by the government on tobacco products like cigarettes and cigars. These taxes are applied at the point of manufacturing or importation, increasing the product’s cost to consumers. The purpose is to generate revenue for public services and to discourage tobacco consumption due to health risks. The amount of excise duty can vary based on factors such as the product’s type, quantity, or nicotine content. Overall, excise duties make tobacco products more expensive and help fund healthcare costs related to tobacco-related diseases.