India probes Pernod Ricard and Diageo over Scotch import taxes
In short
India is investigating Pernod Ricard and Diageo over how bulk Scotch imports were classified for lower tariffs under the India-UK trade deal. The two companies are also being checked over claims that some drinks used banned flavouring.
This matters because it could affect duties, imports and alcohol sales. The reporting does not say whether any fines or action have been decided.
What the reporting says
India is investigating Pernod Ricard and Diageo over how bulk Scotch imports were classified to seek reduced tariffs under the India-UK trade deal. The companies are also facing scrutiny over alleged use of prohibited flavouring in some alcoholic drinks, and both say they are cooperating with authorities. The reporting does not state any penalties, timeline or final findings.
Why it matters
India is investigating Pernod Ricard and Diageo over the classification of bulk Scotch imports for reduced tariffs under the India-UK trade deal. The companies are also under scrutiny for alleged use of prohibited flavouring in some alcoholic drinks. Both companies say they are cooperating with authorities. The reporting does not state any outcome, penalties or change to trade terms.