FMCG major ITC, witnessed a fall in share price on Monday after finance minister Arun Jaitley increased excise duty by 25% on cigarettes up to 65mm in length.
 
Cigarettes more then 65mm in length will pay 15% more excise duty. Excise duty on tobacco increased to Rs 70 per kg from Rs 60 per kg.

Shares of I T C are trading at Rs 348.10, down Rs 13.15, or 3.64% at the Bombay Stock Exchange (BSE) on Monday at 11:18 a.m.

The scrip has touched an intra-day high of Rs 358.50 and low of Rs 345.65. The total volume of shares traded at the BSE is 1,198,132.