Finance Ministry assures stakeholders to honour trade concessions on British Scotch Whisky

The Finance Ministry on Friday engaged with stakeholders on the dispute regarding bulk Scotch whisky imports from the United Kingdom, Foreign Trade Secretary Rajesh Agrawal said.

According to Agrawal, the Ministry assured that India will honour duty concessions offered under two different HSN codes for scotch imports under the deal.

Agrawal’s comments came amid a dispute unfolding over containers carrying bulk Scotch that were detained at Indian ports, with customs officers demanding a 150% import duty instead of the reduced 75% rate stipulated under the trade agreement.


(With inputs from Reuters)