Finance Minister Nirmala Sitharaman has introduced two new Bills in the Lok Sabha aimed at imposing a cess on tobacco products. The legislation seeks to enhance revenue collection and discourage tobacco consumption by making such products relatively more expensive.
The proposed Bills outline the structure and rates of the cess, which will be levied on manufacturers and importers of tobacco products, including cigarettes, cigars, and smokeless tobacco. The Finance Minister highlighted that the move is in line with public health objectives, aiming to reduce tobacco usage while generating additional funds for health and social welfare programs.
Members of Parliament were briefed on the potential impact of the cess, including anticipated revenue generation and its role in curbing tobacco-related illnesses. The Finance Minister emphasized that the government remains committed to promoting healthier lifestyles and addressing public health challenges through fiscal measures. The Bills are expected to undergo discussion and scrutiny in the House before being enacted into law.
