PolicyBusinessLine
India to honour 75% import duty concession on bulk Scotch
Positive+31
GreyOak summary
India's finance ministry confirmed it will honor a 75% import duty concession on bulk Scotch whiskey from the UK. This decision resolves a dispute where customs investigators had sought a 150% duty on containers held at Indian ports. The clarification ensures the implementation of the trade deal that took effect in July.
What it affects
- Union Budget and taxesPositive +31
Import duty concession on Scotch whiskey confirmed.Rolling sentiment Positive +42
