Any deduction in import duty in future liquor business deals can harm domestic manufacturers. This was said by CIABC, an organization of liquor making companies. The CIABC said that a concessional fee on the Spirit imported from the European Union, the US, Australia and New Zealand could bring floods in the Indian market. According to PTI news, the Confederation (CIABC) of Indian liquor making companies (CIABC) also suggested the government to implement the minimum import price segment to prevent the arrival of low -cost and low -quality bottled spirit, wholesale and bottled wine.
Britain’s whiskey and the fees that will decrease
According to the news, the suggestion made said that the scotch whiskey agreed on Scotch Whiskey under the Free Trade Agreement with Britain may affect the whiskey brand of the domestic premium category, as there is a possibility of influx of scotch whiskey. According to the agreement, India will reduce the UK’s whiskey and the fee from 150 percent to 75 percent and 40 percent in the tenth year of the deal.
Inappropriate pressure on wine brands can be seen
CIABC Director General Anant S Iyer said that if similar fees concessions are given on other spirit including wine under future FTA with liquor producing countries like European Union, America, Australia and New Zealand, it can open the Indian market for low -priced liquor imports and put improper pressure on quality wine brands produced at the domestic level.
No fee concession on British wine
India is not giving any fee concession on British wine and is only giving limited import duty benefits on UK beer under the Free Trade Agreement between the two countries. India has given a fee concession on wine to Australia under a trade agreement, which came into force on 29 December 2022. In that deal, the tariff on premium imported wine was reduced from 150 percent to 75 percent. The main liquor producing states include Maharashtra and Karnataka.
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