India-UK FTA halves Scotch duty to 75%; industry split on impact for domestic IMFL makers
Effective July 15, the India-UK FTA cuts duties on Scotch and gin from 150% to 75%, sliding to 40% by year 10. ISWAI sees a premiumisation tailwind in a 400M-case market where imports are just 2.5%. CIABC warns of an uneven field and demands rollback of state-level BIO concessions to shield IMFL.
India-UK FTA effective July 15 cuts Scotch/gin duties from 150% to 75%, then 40% by year 10. ISWAI welcomes premiumisation boost; CIABC seeks withdrawal of state-level BIO concessions to protect IMFL makers.