Diageo India Unit Searched Over Scotch Imports
Tax authorities in Maharashtra searched United Spirits, the Indian unit of Diageo, amid an ongoing investigation into the misclassification of Scotch whisky imports. The company stated that the search had no impact on its financial or operational activities.
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UNITED SPIRITS LTD was searched by state tax authorities in India over Scotch import classifications, ending an inspection on Thursday. The liquor firm, controlled by DIAGEO PLC, faces scrutiny alongside PERNOD RICARD SA as tax officials investigate potential tariff misclassifications. The inquiry comes as foreign spirit makers navigate shifting tariff structures following the trade pact between India and the United Kingdom.
