India's trade pact with the UK faces its first major dispute as customs officials seek a 150% tariff on bulk Scotch imports by Pernod Ricard and Diageo, despite assurances of a reduced 75% duty. Dozens of containers remain held at ports, raising concerns over supplies and market access.
India-UK FTA faces first hurdle as 40 containers of Pernod Ricard, Diageo Scotch stuck at ports amid tariff dispute
EXECUTIVE SUMMARY
India's trade pact with the UK faces its first major dispute as customs officials seek a 150% tariff on bulk Scotch imports by Pernod Ricard and Diageo, despite assurances of a reduced 75% duty. Dozens of containers remain held at ports, raising concerns over supplies and market access.
Key Takeaways
- India-UK FTA faces first hurdle as 40 containers of Pernod Ricard, Diageo Scotch stuck at ports amid tariff dispute.
- India's trade pact with the UK faces its first major dispute as customs officials seek a 150% tariff on bulk Scotch imports by Pernod Ricard and Diageo, despite assurances of a reduced 75% duty.
- Dozens of containers remain held at ports, raising concerns over supplies and market access.
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