The cigarette and other tobacco product exports saw very significant growth so far this fiscal, the exact reasons of which are yet to be ascertained, the Tobacco Board chairman K Gopal told ET, adding The growth anticipated was around 10% according to the estimates in the beginning of the fiscal. During the nine-months period ended December 2014, the country reported export of Rs 1,103 crore of tobacco products including cigarettes, a growth of over 39% compared with Rs 790 crore registered in the same period of previous fiscal
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The rule was set to be published in the Official Gazette of the Government, he said
The bonds are required in order to guarantee that the business will pay the required sales taxes to the local government
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