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Centre urged not to reduce customs duty on UK imports


Centre urged not to reduce customs duty on UK imports
​ By
IANS
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Published on
​ Tue, Mar 16 2021 12:27 IST
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​ 5 Views
Container Terminus of Container Corporation of India. (File Photo: IANS). Image Source: IANS News
New Delhi, March 16 : Amid reports of the UK mounting pressure on the Indian government for massive tariff concessions on imports of Scotch whiskey in the free trade agreement negotiations, the Confederation of Indian Alcoholic Beverage Companies (CIABC) has strongly objected to any plans to slash the Basic Customs Duty (BCD).
The CIABC has said that since the imports are already dominating the Indian market, any reduction in the BCD will make matters worse and squeeze Indian products totally out. ....

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Delhi Govt Prepares New Excise Policy That Will Increase Liquor Prices By 50%


Delhi govt prepares new excise policy that will increase liquor prices by 50%
A panel of experts has suggested sweeping changes that could push booze rates in Delhi to an all-time high and change the way drinks are sold in Delhi NCR by the government and privately owned shops.
alcohol
A move to raise excise duty on liquor and change the format of retail sales by the Aam Aadmi Party-led government has set the proverbial cat among the pigeons in the Indian Capital.
A panel of experts, formed by the government in Delhi, has suggested sweeping changes that could push booze rates in Delhi to an all-time high and change the way drinks are sold in Delhi NCR by the government and privately owned shops. ....

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Becksteiner: German wine brands Becksteiner and J. Oppmann to enter India via homegrown liquor startup Ciro


Synopsis
Premium German wine brands J. Oppmann and Becksteiner are entering India in February through Chennai-based liquor startup Ciro .
Reuters
REUTERS/Ronen Zvulun
Now you can raise a toast to a glass of premium German sekt or sparkling wine poured from a 14-carat gold plated bottle by brand J. Oppmann that once made champagne for the king of Bavaria.
Premium German wine brands J. Oppmann and Becksteiner are entering India in February through Chennai-based liquor startup Ciro which is importing the brands to cash in on the pandemic times when consumers are grounded by travel curbs, leaving tipplers craving for offbeat international alcobev brands. Consumers typically shop for liquor, perfumes, cigarettes, chocolates, beauty and watches from duty free outlets at airports with price tags nearly 40% lower due to tax exemption. ....

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