India will honour duty cuts on bulk Scotch whiskey imports from Britain as part of its trade deal with London. Indian trade secretary Rajesh Agrawal said this on Friday. The move follows a dispute where customs officials sought higher taxes on containers despite the trade pact providing a reduced rate.
NEW DELHI, Nov 13 (Reuters) - India's finance ministry has engaged with stakeholders on the issue of bulk Scotch whiskey imports from Britain, and New Delhi will honour duty concessions offered as part of its trade deal with London, Indian trade secretary Rajesh Agrawal said on Friday.
The comments come amid a dispute over dozens of containers of bulk Scotch held at Indian ports, with customs investigators seeking a 150% import duty despite the trade pact providing for a reduced 75% rate.
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The dispute has raised concerns over the implementation of the trade deal, which took effect in July.