Pernod Ricard withdraws challenge to $314m India tax demand
Pernod Ricard has withdrawn its court plea against a $314 million back-tax demand tied to alleged undervaluation of Scotch whisky imports, adding pressure in an India market that contributes about 10% of its global sales.
Pernod Ricard withdrew its court challenge to India’s $314 million back-tax demand over alleged undervaluation of Scotch whisky imports. The dispute affects a market contributing about 10% of global sales and adds to its antitrust and New Delhi liquor-policy challenges.
Why this matters
The withdrawal follows recent signals that Pernod Ricard dropped its India tax challenge and that the Delhi High Court upheld denial of its L1 liquor licence over an ED case.
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