Live Breaking News & Updates on Indo United Kingdom Exim
Stay updated with breaking news from Indo united kingdom exim. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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 | 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. ....