PolicyBusinessLine
Commerce Ministry hopeful of resolving scotch whisky disputes soon
Positive+66
GreyOak summary
The Commerce Ministry expressed hope that a dispute over Scotch whisky import classification will be resolved soon. Customs investigators are seeking a 150% duty, while companies argue for the 75% rate under the India-UK trade pact. Dozens of containers belonging to Diageo and Pernod Ricard are currently held at Indian ports pending resolution.
What it affects
- Sector policyPositive +66
Dispute over whisky classification under trade pact.Rolling sentiment Positive +59
