PolicyBusiness Today
India-UK trade deal hits tariff hurdle: Customs seeks 150% duty on bulk Scotch
Positive+51
GreyOak summary
India's customs authorities detained containers of bulk Scotch whisky from Pernod Ricard and Diageo, demanding a 150% duty instead of the agreed 75%. The dispute arises from a classification argument that bulk concentrates are not finished products. This conflict threatens the India-UK trade agreement's export projections and has led to supply disruptions at ports.
What it affects
- Tariffs and tradePositive +51
Customs seeks 150% duty on bulk Scotch.Rolling sentiment Positive +16
