India Probes Pernod and Diageo Over Scotch Tariffs
Indian tax authorities are investigating liquor giants Pernod Ricard and Diageo over the classification of bulk Scotch imports. Officials are examining whether the companies improperly claimed tariff cuts under the recent trade pact.
Xurve View
Insights:
Xurve View
India tax inspectors are investigating whether PERNOD RICARD SA and DIAGEO PLC underpaid tariffs on Scotch imports under a trade pact. The probe tests the limits of duty relief on bulk spirits shipments from the United Kingdom. Import disputes routinely result in multi-million-dollar back-tax demands for foreign investors operating in the country.
