India probes Pernod Ricard, Diageo over Scotch whisky imports under UK trade pact
Indian tax authorities are examining whether Pernod Ricard and Diageo wrongly classified bulk Scotch whisky imports for lower tariffs. The investigation follows reduced import duties under the recent India-UK trade pact that came into effect on July 15. Tax inspectors visited Pernod Ricard’s headquarters and searched Diageo’s offices regarding these classifications. Both companies claim they are...
Key Takeaways
- Indian tax authorities are examining whether Pernod Ricard and Diageo wrongly classified bulk Scotch whisky imports for lower tariffs.
- The investigation follows reduced import duties under the recent India-UK trade pact that came into effect on July 15.
- Tax inspectors visited Pernod Ricard’s headquarters and searched Diageo’s offices regarding these classifications.
Indian tax authorities are examining whether Pernod Ricard and Diageo wrongly classified bulk Scotch whisky imports for lower tariffs. The investigation follows reduced import duties under the recent India-UK trade pact that came into effect on July 15. Tax inspectors visited Pernod Ricard’s headquarters and searched Diageo’s offices regarding these classifications. Both companies claim they are cooperating fully with the authorities during the investigation.
Original Publisher Attribution
This summary was curated from Times of India.