India-UK FTA halves Scotch duty to 75%, squeezing young domestic single malts
The FTA cuts Scotch and gin import duties to 75% from 150%, phasing to 40% over a decade. Premium whisky prices could fall 7-10% (12-13% in Maharashtra), lowering bulk Scotch input costs for Indian blenders but pressuring makers like IndoBevs to rethink distillery investments.
India-UK FTA halves Scotch/gin import duties to 75%, boosting premium whisky access and lowering bulk Scotch input costs for Indian blenders, but pressuring young domestic single malt makers like IndoBevs to rethink distillery investments.