India probes Pernod Ricard and Diageo over bulk Scotch import duty claims
- Indian tax authorities are investigating how Pernod Ricard and Diageo classified their bulk Scotch imports.
- Both import Scotch concentrate in bulk and blend it here into brands like Royal Stag and McDowell’s.
- Inspectors say the lower duty under the India-UK trade pact does not cover such bulk concentrates.
- Diageo’s Indian unit disclosed the office searches to the stock exchange, with both firms confirming full cooperation.
Source: timesofindia.indiatimes.com
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