Additional duty on foreign liquor removed
Govt scrapped additional customs duty on foreign liquor following a complaint by the EU & US in the WTO.
By PTI |
NEW DELHI: India on Tuesday scrapped additional customs duty on imported liquor, wine and beer following a complaint by the European Union and the US in the WTO.
Additional duty of customs in lieu of state excise duty on imported liquor, wines and beer has been removed by the Central Board of Excise and Customs, a government spokesperson said.
The additional customs duty imposed by India hitherto ranges between 20-150 per cent. This is over and above the basic customs duty of 150 per cent allowed by the WTO. The multiple duties, in some cases, took the overall tax incidence to up to 550 per cent.
EU and the US dragged India to the WTO disputes settlement body complaining that New Delhi was violating the duties allowed by the multilateral trade body.
Additional duty of customs in lieu of state excise duty on imported liquor, wines and beer has been removed by the Central Board of Excise and Customs, a government spokesperson said.
The additional customs duty imposed by India hitherto ranges between 20-150 per cent. This is over and above the basic customs duty of 150 per cent allowed by the WTO. The multiple duties, in some cases, took the overall tax incidence to up to 550 per cent.
EU and the US dragged India to the WTO disputes settlement body complaining that New Delhi was violating the duties allowed by the multilateral trade body.
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