India may freeze Scotch duty cut at 75% as Delhi seeks 'scotch for steel' rebalance with UK

New Delhi is signalling it could withhold FTA concessions on British Scotch and gin—set to drop from 150% to 75% duty, then 40% over 10 years—unless London eases steel safeguards. A reversal would reshape pricing and assortment plans for India's premium alcobev retail, where SWA pegs the UK opportunity at £25.5 billion by 2040.

— Source publishedTue, 2 Jun, 2026, 18:44 IST·First seen Tue, 2 Jun, 2026, 19:17 IST·Source Business Today · Latest

What happened

India-UK FTA · India may recalibrate FTA concessions on British Scotch whisky and gin, currently slated to drop from 150% to 75% duty, if UK does not ease steel

Key facts

  • 150% to 75%
  • 40% over 10 years
  • £25.5 billion by 2040

Why this matters

Revisit UK Scotch distribution and JV terms to include duty-contingent triggers, since a frozen 75% tariff floor materially shifts landed economics versus the planned 40% glidepath.