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There are no statutory limits on prices these pipeline companies can charge consumers

"Viewers will see exquisite books of poetry printed on cigarette paper and matchbooks, and a forty-foot tiger-skin rug made of half a million cigarettes

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The ad valorem tax structure could worsen the impact, as higher prices feed back into higher taxes, analysts said.In recent years, stable taxation had supported cigarette volume growth of around 5% CAGR over five years, while the illicit cigarette markets share declined by roughly 150 basis points, according to Motilal Oswal