The launch event at 1AQ Square, The Art Centre, Mehrauli, during the weekend saw Cuban creative energy at the forefront with elements that define Cuban culture.
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. The balance of trade in alcoholic beverages is highly skewed in favour of the UK and any reduction in BCD will further worsen it, said CIABC Director General Vinod Giri.
Centre urged not to reduce customs duty on UK imports
By IANS |
Published on
Tue, Mar 16 2021 12:27 IST |
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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.