Customs holds Pernod, Diageo Scotch shipments over tariff dispute
In short
Customs investigators have held Scotch shipments linked to Pernod Ricard and Diageo in India over a tariff dispute. The case centers on whether bulk Scotch concentrates used to make whisky brands can get a lower 75% duty instead of a 150% tariff.
This could slow shipments for the two spirits companies and raise costs if the higher tariff is kept.
What the reporting says
Customs investigators have ordered holds on Pernod Ricard and Diageo Scotch shipments in a dispute over a 150% tariff in India. The officials are arguing that bulk Scotch concentrates used to make whisky brands are not eligible for the pact’s reduced 75% duty. The move could affect the shipment flow for the spirits makers as the tariff issue is reviewed.
Why it matters
Customs investigators in India have held Scotch shipments tied to Pernod Ricard and Diageo amid a dispute over whether the goods qualify for a reduced 75% duty under a trade pact. The officials say the bulk Scotch concentrates used to make whisky brands should not get the lower rate and should face a 150% tariff. The decision could affect import costs and shipment timing for the spirits makers.