India-UK FTA goes live July 15: Scotch, autos, cosmetics duties collapse, rewriting import shelf math
From July 15, India-UK FTA cuts Scotch duty from 150% to 40%, autos from 100% to 10% under quotas, and cosmetics from 22% to zero. 99% of tariff lines go duty-free, resetting landed costs for liquor, mobility and beauty retailers and pressuring domestic premium players to defend price ladders.
India-UK FTA operationalises July 15, slashing duties on Scotch (150% to 40%), autos (100% to 10% with quotas) and cosmetics (22% to zero), reshaping import economics for Indian retailers in liquor, mobility and beauty categories.