Get all your news in one place.
100's of premium titles.
One app.
Start reading
Radio France Internationale
Radio France Internationale
World
Pratap Chakravarty

France’s Pernod Ricard contests huge tax bill for Indian liquor imports

Pernod India Pernod Ricard
India is tipped to be one of the world's fastest growing markets for alcohol, but custom duties keep the price of foreign liquor too high for many drinkers. AFP - GARIMA AGARWAL

French liquor giant Pernod Ricard has asked an Indian court to strike down a government order to pay €251 million for allegedly undervaluing some of its imports for a decade in a bid to avoid India's stiff duties on imported spirits.

The demand is nearly double Pernod’s net profit in India, which last year stood at €134.4 million.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
William Shatner’s kidney stone sold for $75,000, helping a Louisiana family get a home
Most people who pass a kidney stone would happily never see it again, but William Shatner’s experience took an unexpected turn. The Star Trek actor’s small black kidney stone, which he assumed had been discarded after removal, became an unusual fundraising item when a Canadian gambling company expressed interest in…
The Times of India
The Times of India
'62 years in the making': Joni Mitchell becomes US citizen
Joni Mitchell has become a US citizen, 62 years after she first left Canada.
BANG Premier
BANG Premier
Woman Goes In For An Oil Change. Then She Gets Strange Looks When She Decides To Stay In The Car
“My husband thinks I’m crazy for sitting in my car."
Motor1
Motor1
55 Interesting Facts And Posts About The World Around Us
Well-informed people are often called insufferable know-it-alls, but that might just be jealousy. If you secretly wish to be a trivia-night hero, these fascinating facts are just what you need. They are so interesting, you might lose track of time by the end. Just scroll through and check them out…
Bored Panda
Bored Panda
James Bond Drank About 53 U.S. Standard Drinks a Week, and Doctors Suspected a Tremor Behind His Shaken Martinis
Doctors tallied every drink in Ian Fleming's Bond novels and found 007 averaged 92 UK units a week, about 53 U.S. drinks, with a shaky martini theory.
Medical Daily
Medical Daily
Netflix’s Narnia trailer featuring Led Zeppelin divides fans as some brand it a ‘disgrace’
‘Narnia: The Magician’s Nephew’ is directed by ‘Barbie’ filmmaker Greta Gerwig and is set to be released next year
The Independent UK
The Independent UK
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play