FAIFAFlorida Association of Insurance and Financial Advisors
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We appeal to the government to have a taxation policy, that disincentivises cigarette smuggling," FAIFA General Secretary Murali Babu said in a statement.
FAIFA said seizure of smuggled cigarettes has doubled in the last two years indicating the increase in smuggling.
This has resulted in drop in earnings of Flue Cured Virginia (FCV) tobacco farmers which have shrunk cumulatively by more than Rs 3,300 crore since 2013-14, FAIFA claimed.