Premium Scotch May Get 10-15% Cheaper In Delhi Soon. Here's Why

New Delhi: Some premium Scotch whisky brands may become 10-15 per cent cheaper in Delhi after October 10, as the Excise Department is examining the impact of the India-UK trade agreement on liquor prices, officials told NDTV.The reduction, however, is unlikely to apply to every label.Delhi's excise officials said the department is studying provisions of the India-UK Comprehensive Economic and Trade Agreement, or CETA. They are also examining how the lower customs duty should be reflected in prices in the capital.Why Scotch Could Get CheaperUnder the trade agreement, India has cut customs duty on qualifying British whisky and gin from 150 per cent to 75 per cent.The tariff is set to fall further in phases, eventually coming down to 40 per cent.The CETA came into force on July 15.But the sharp cut in customs duty does not mean an equally sharp fall in the price of a bottle.The retail price of…