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Cigarettes Dominate Excise Duty Collection
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Overview
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Cigarettes accounted for 40% of the total Excise Duty Collection in FY23, while the share of cement decreased, with a 15.4% increase in the net FED collection.
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How might the significant contribution of cigarettes to the Excise Duty Collection impact public health policies and regulations?
What are the potential implications of the increase in FED collection from air travel on the aviation industry and related sectors?
What factors contributed to the decrease in the share of cement in the overall federal excise duty collection?
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