INDIA: Budget fails to lift spirits of industry
The Indian government's decision to cut the basic import duty on spirits and wines from 210% to 182% has been met with little joy by the industry. The drinks industry still believes the cut will do little eto help their business or combat the black market. In a statement released to just-drinks Dinesh Jain, managing director of India & Area Countries, Highland Distillers said: "Duty relief on BIO (bottled in Origin) liquor is a welcome step. However, it is only a very small step. The impact of duty reduction from 210% to 182% is likely to result in a final price reduction of only about 10-12%, especially for the premium brands like "The Famous Grouse".
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-drinks gives you the widest beverage market coverage.
Paid just-drinks members have unlimited access to all our exclusive content - including 14 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Olly Wehring, editor of just-drinks
- Review of the Year 2014 - Part V: Wine
- Review of the Year 2014 - Part IV: Spirits
- just Five Years Ago - Belvedere Group's Bumpy Ride
- Coca-Cola to get boost from Monster in China
- Cuba-US Normalisation: Bacardi, Pernod Winners?
- Campari to bag EUR19m with "non-core" assets sale
- Pernod wins consent for Glenlivet upgrade
- Tequila set for export boost after record 2014
- just-drinks takes a festive break
- Thailand pulls back from New Year alcohol ban