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Currently, marketers operate with few, if any, of the regulatory limits that apply to tobacco companies such as Philip Morris USA and Reynolds American Inc
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Here are some details: The company, which makes and sells Marlboro cigarettes in India under a license with Philip Morris International, said its consolidated net profit fell to 1.98 billion rupees ($20.64 million) from 3.56 billion rupees last year Expenses related to excise duties surged nearly eightfold to 26 billion rupees during the quarter Revenue from cigarettes, tobacco and related products, which makes up almost the total and is the company's largest segment, more than doubled to 37.8 billion rupees India imposed an excise duty on cigarettes ranging from 2,050 to 8,500 rupees per thousand cigarettes, depending on product length, which came into effect on February 1
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