India-UK FTA halves Scotch duty to 75%; industry split on impact for domestic IMFL makers
Effective July 15, the India-UK FTA cuts duties on Scotch and gin from 150% to 75%, sliding to 40% by year 10. ISWAI sees a premiumisation tailwind in a 400M-case market where imports are just 2.5%. CIABC warns of an uneven field and demands rollback of state-level BIO concessions to shield IMFL.
What happened
India-UK FTA effective July 15 cuts Scotch/gin duties from 150% to 75%, then 40% by year 10. ISWAI welcomes premiumisation boost; CIABC seeks withdrawal of
Key facts
- 150% to 75%
- 40% in year 10
- 400 million cases
- 2.5%
- 81%
- 9.9 million cases
- 79%
- $480 mn