India to honour 75% duty cut on bulk Scotch from UK
In short
India will honour a 75% import duty concession on bulk Scotch from the UK, the trade secretary said. The move comes after a customs dispute over dozens of containers at Indian ports.
It matters because it affects how the trade pact is carried out and how Scotch imports are taxed.
What the reporting says
India will honour the 75% import duty concession on bulk Scotch from the UK, trade secretary said, after a customs dispute over dozens of containers at Indian ports. BusinessLine said the dispute had raised questions about the trade pact’s implementation.
Why it matters
India will honour the 75% import duty concession on bulk Scotch from the UK, according to the trade secretary. The assurance follows a customs dispute involving dozens of containers held at Indian ports, which had raised questions about implementation of the trade pact.