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The effect of the proposed duty changes on the estimated average retail price of various categories of smoking products might be-
Existing duty rate
Proposed duty rate
Current average retail price
Estimated average retail price
%
increase
($/1,000 sticks) ($/1,000 sticks)
($/1,000 sticks)
($/1,000 sticks)
(1) Cigarettes
(i)
imported from US >
413.80
423.80
2.4
(ii)
imported from UK
165.00
175.00
450.00
460.00
2.2
(iii) locally manufactured)
327.50
337.50
3.0
($/kg)
($/kg)
($/kg)
($/kg)
(2) Cigars
j
(i) ordinary grade
670.70
683.70
1.9
220.00
233.00
(ii)
deluxe grade
2,877.40
2,890.40
0.45
(3) Smoking Tobacco
200.00
212.00
441.00
453.00
2.7
(4) Chinese Prepared Tobacco
43.00
45.50
115.00
117.50
2.2