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...
Key Takeaways
- 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.
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.
Original Publisher Attribution
This summary was curated from Times of India.