Pernod Ricard withdraws Delhi court challenge to $314m whisky tax demand
Pernod Ricard will pursue a statutory appeal after withdrawing its Delhi High Court case over an alleged import-undervaluation tax demand. With penalties, its potential liability could exceed $600 million, adding pressure in a market that generated $2.9 billion in revenue last year.
Pernod Ricard withdrew its Delhi High Court challenge to a $314 million Indian whisky-tax demand and will pursue a statutory appeal. The case, involving alleged import undervaluation, could cost over $600 million including penalties and compounds its India regulatory pressures.
Why this matters
The withdrawal follows Delhi High Court decisions upholding denial of Pernod Ricard's L1 liquor licence and rejecting its licence plea, leaving the group locked out of the capital while its tax dispute moves to a statutory appeal.
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