India threatens to reverse Scotch duty cuts as UK steel curbs strain CETA
New Delhi may roll back the 150%-to-75% tariff cut on UK Scotch and gin agreed under CETA if Britain doesn't ease steel import quotas hitting $900M of Indian exports. Reversal would stall premium-spirits price relief expected to lift UK whisky retail volumes in India.
India may roll back FTA tariff concessions on UK Scotch whisky and gin (cut from 150% to 75%) if Britain doesn't ease new steel import quotas, threatening duty relief expected to boost premium spirits retail in India.
Why this matters
Follows earlier CETA delays that already stalled Scotch duty cuts for Johnnie Walker, Chivas and Glenlivet. A reversal would deepen pricing uncertainty for UK premium spirits entering India.
Retail-brand signals steady at 835 over the past 90 days.
Also reported by
- The Hindu BusinessLine — Same time