INDIA: Gov't caves to customs duty pressure
The Indian government has confirmed that it has withdrawn the additional customs duty on imported spirits, wine and beer.
A spokesperson for the Central Board of Excise and Customs confirmed the move late yesterday (3 July).
The basic customs duty on wines, however, will rise from 100% to 150%, the CBEC noted.
The move follows growing pressure from the EU and the US, both of whom have opposed what they have called the "additional" and "extra-additional" duties applied by the country to their spirits exports.
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