In a move to curb illicit tobacco turnover, Ukraine is introducing a new, and improved fraud-proof tax banderoles as of 1 November 2007, reports the local web portal, UkrTobacco.com.

The new banderoles are designed using an invisible holographic technology and are meant as a secure counterfeit protection, government spokesman explained. Old banderoles can be used until 1 March 2008. The cost of excise stamps is planned to be raised by 1.7 times.