Pernod Ricard drops court challenge to $314m India back-tax demand
The Absolut maker has withdrawn its plea against a $314 million demand tied to alleged undervaluation of Scotch whisky imports. India is Pernod Ricard’s largest market by volume and accounts for roughly 10% of global sales.
Pernod Ricard withdrew its court challenge to India’s $314 million back-tax demand over alleged undervaluation of Scotch whisky imports. India is its largest market by volume and contributes about 10% of global sales; the company also faces antitrust and Delhi liquor-policy cases.
Why this matters
The withdrawal follows Delhi High Court signals upholding denial of Pernod Ricard's L1 liquor licence over an ED case, extending the spirits group's regulatory pressure in India.
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