Indian tax authorities investigate Scotch whisky imports from Diageo and Pernod Ricard
DEO Diageo plc ADR
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View chart & analysis → - 1Indian tax authorities are investigating the bulk Scotch whisky import classifications of Diageo and Pernod Ricard.
- 2United Spirits was investigated by the Indian Directorate of Revenue Intelligence on Friday, October 16.
- 3The investigation seeks to confirm whether the 75% rate, which was halved under a trade agreement for British whisky exports, was applied.
So what's the key point?
Indian tax authorities are investigating how Diageo and Pernod Ricard import their whisky. They are checking if the companies only paid a 75 percent whisky tariff, which could affect these companies.
Source Just Drinks · View original ↗
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