UK-India FTA live July 15: whisky duty crashes 150% to 40%, auto tariffs to 10%
Premium import economics reset as UK-India trade pact takes effect July 15. Scotch whisky tariffs fall from 150% to 40%, auto duties from 100% to 10% under quota, and cosmetics duties up to 22% are eliminated. £400M in year-one tariff cuts reshape pricing for premium retail categories.
UK-India FTA takes effect July 15, slashing whisky tariffs from 150% to 40%, auto duties from 100% to 10% under quota, and eliminating cosmetics duties up to 22%, reshaping pricing for premium import categories in Indian retail.