Indian 550% duties on imported alcohol lifted.

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SN30952
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Joined: 31 Jul 2003, 00:00

Indian 550% duties on imported alcohol lifted.

Post by SN30952 »

India recently lifted duties, which hit as much as 550%, on imported alcohol including French wine and Scottish whisky.

EU has suspended its complaint to the World Trade Organization (WTO) about India's import tariffs on beer, wine and spirits.
However, the EU has expressed annoyance that India has chosen to raise its basic duty on wine from 100% to 150%.

The Indian Finance Ministry reduced its additional duties to between 20% and 75% on imported beer and wine and between 25% and 150% on imports of distilled spirits.

Hello Kingfisher....

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