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Tax Details New excise duty of 2,0508,500 per 1,000 cigarettes (based on length) Effective from 1 February Applicable over and above 40% GST Impact Analysts expect cigarette prices (7585 mm) to rise 22%28% Reason Government aims to curb smoking and reduce healthcare burden View: Higher taxes may pressure margins and near-term stock performance in tobacco companies

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New federal statistics show the number of adult cigarette smokers in Florida has fallen to 17.6 percent, just above the country's rate of 15 percent