India moves to resolve Scotch tariff dispute, assures 75% duty on bulk imports
The Indian government has assured liquor companies that bulk Scotch whisky imports qualify for a reduced 75% import duty under the India-UK trade agreement. This move aims to resolve a dispute where tax officials had previously questioned the eligibility of bulk shipments for the concession.
Why it matters
The resolution is crucial for major global liquor brands and Indian manufacturers who rely on bulk Scotch imports for blending and production.
The government has moved to resolve a dispute over Scotch whisky imports under the UK trade pact, assuring liquor companies that bulk shipments qualify for the reduced 75 percent import duty after tax officials questioned their eligibility for the concession.According to a Reuters report citing six people with direct knowledge of the matter, commerce ministry officials gave the assurance during a closed-door meeting with liquor industry executives on Monday, saying New Delhi would honour the trade agreement in letter and spirit.One government source said, "We are potentially moving towards a resolution.
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