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The Economic Times
The Economic Times
Business

India's Scotch probe of Diageo, Pernod undermining India-UK pact benefits, trade group says

NEW DELHI: India's move to exclude bulk Scotch imports from a reduced 75% tariff goes against provisions agreed in an India-UK trade deal, a group representing liquor makers Diageo and Pernod Ricard wrote in a letter seen by Reuters.

Whisky tariffs were a sticking point during the years of protracted negotiations leading up to the deal's July 15 implementation, though India ultimately agreed to halve import taxes on certain Scotch imports from 150% to 75% immediately and to 40% over 10 years.

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