Pernod Ricard faces $600M India tax exposure over alleged Scotch undervaluation scheme
Indian tax authorities accuse Pernod Ricard of using India-only codenames to mask Scotch composition and age, allegedly undervaluing bulk imports by 67% to dodge 150% tariffs. Demand stands at $314M, could exceed $600M with penalties. Case is being contested at Delhi High Court against $2.9B FY India revenue base.
Indian tax authorities allege Pernod Ricard concealed Scotch composition and age via India-only codenames to undervalue bulk imports by 67%, dodging tariffs. Demand stands at $314M, could exceed $600M with penalties. Pernod is contesting at Delhi High Court.
Why this matters
Escalates prior India tax disputes against Pernod Ricard, with the $314M demand now potentially doubling to $600M+ as authorities allege deliberate Scotch spec concealment to evade 150% tariffs.
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