India says will honour duty cuts on Scotch imports from UK
Customs officials say the shipments are bulk concentrates, while industry groups warn the dispute could disrupt supplies and undermine the new trade pact.
- Indian customs is holding dozens of bulk Scotch containers imported by Pernod Ricard and Diageo while investigators seek a 150% tariff.
- Investigators argue that the reduced 75% India-UK trade-pact duty applies only to finished Scotch, not bulk concentrates used in further manufacturing.
- India’s Commerce Ministry told executives it would honor the pact, but a Finance Ministry memo instructed customs officials to apply the 150% duty.
- The Finance and Commerce ministries are discussing a resolution.
11 Articles
11 Articles
India says will honour duty cuts on Scotch imports from UK
India's finance ministry has engaged with stakeholders on the issue of bulk Scotch whiskey imports from Britain, and New Delhi will honour duty concessions offered as part of its trade deal with London, Indian trade secretary Rajesh Agrawal said on Friday.
India-UK FTA faces first hurdle as 40 containers of Pernod Ricard, Diageo Scotch stuck at ports amid tariff dispute
India's trade pact with the UK faces its first major dispute as customs officials seek a 150% tariff on bulk Scotch imports by Pernod Ricard and Diageo, despite assurances of a reduced 75% duty. Dozens of containers remain held at ports, raising concerns over supplies and market access.
India holds Pernod, Diageo Scotch shipments in tariff row
Indian customs is holding dozens of containers of bulk Scotch imported by Pernod Ricard and Diageo as investigators press for a 150% tariff, even though the companies rely on a New Delhi assurance of lower duties under the India-UK trade pact.
India-UK trade deal faces early test as customs hold scotch imports over tariff row
Indian customs authorities are holding containers of bulk Scotch whisky due to a tariff dispute involving Pernod Ricard and Diageo. Authorities insist these shipments are subject to a 150% import duty despite trade pact assurances. The dispute arises over whether concentrates qualify for the reduced 75% tariff established in the India-UK trade agreement. This situation has led to delays in the supply chain for many companies.
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