Tariff Cut on Scotch Whisky Imports Impacts Pricing in India
- Reports
- 4
- Developments
- 1
- Repetition
- 75%
New informationRepeats or wire copies
What happened
The tariff on Scotch whisky imports into India has been cut in half, moving from 150% to 75% as part of the UK-India trade deal, which took effect in July. This reduction in duty has been reflected in market prices across India. In Uttar Pradesh, the price of a bottle of Johnnie Walker Black Label is currently ₹2,830.
From thewhiskeywash.com
Why it matters
The duty paid on imported Scotch has been cut by 30%, which reduces the cost of production inputs for Diageo. Diageo has forecasted price falls of 7% to 9% across its imported Scotch before any bottle was repriced. The final retail price is influenced by various state-level taxes and duties.
From thewhiskeywash.com
Who's involved
- IndiaCountry where the tariff structure applies and the product is sold.
- Uttar PradeshState within India where the tariff cut is being implemented.
- DiageoCorporate owner of the Johnnie Walker brand.
- Johnnie WalkerBrand of Scotch whisky whose import costs are affected by the tariff cut.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- DiageoSpeculative
Diageo could see reduced production input costs due to the tariff cut on imported Scotch.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.Keep exploring
The entities involved
- India
-
Uttar Pradesh
state in northern India
-
Diageo
multinational alcoholic beverages company