Sri Mulyani: Cigarettes are sold by companies below the Bandrol price

Tobacco products and cigarettes excise revenues grew 18.4% year-on-year (yoy), to Rp 11.2.7 trillion. It grew by 0.7% in comparison to the previous month.

The reality is that cigarettes production has fallen to 2.8% yoy, to 26.47 Billion sticks.

Jim Cramer: Musk’s “First Disaster” Will be Tesla Cybertruck

“Production of tobacco products increased by 2.8% from production not as low as the excise revenues,” Sri Mulyani indrawati, Finance Minister, said Wednesday, 25/8/2021, at a virtual press conference about the KITA State Budget.

“The average weighted tariff increased by 10.4%, which is lower than 12.5%. This means that cigarette companies are selling below their official prices. He explained that the factory producing goal 1 cigarettes has high production costs and tariffs.

This year, the government increased the cigarette excise taxes. The average weighted increase was 10.4% to 618 rupees per stick.

The government, through the Directorate General of Customs and Excise (“DJB”), continues to tighten control over illegal cigarettes. An increase in illegal cigarettes is triggered by a higher price for cigarettes.

READ ALSO:Jim Cramer: Musk’s “First Disaster” Will be Tesla Cybertruck

By Anna Jeffs

Noble lash is a contributing writer for Daily Reuters. she also runs few other blogs, where he analyzes American football players and their games too seriously. she reviews the American Football Games on daily basis and magnanimously indulges, encourages, and even participates in Football discussion worldwide.

Leave a Reply

Your email address will not be published.