Bulk Scotch Imports: Commerce Ministry To Resolve HSN Classification Dispute Under India-UK FTA
Indian markets moved lower in a taxation development.
· NDTV Profit
Under the India-UK FTA, eligible UK whisky imports are set to face a 75% customs duty initially, falling to 40% over 10 years.
The analysis
This is a Tax / tariff / duty event. Duty and incentive changes reset landed cost and competitive position immediately, and unlike demand shifts they arrive on a known date.
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