Home / Companies / News / British Scotch companies seek safeguard against excise duty hikes

British Scotch companies seek safeguard against excise duty hikes

The organisation fears any import tariff liberalisation could be offset by increases in state-level taxes

Premium

Excise structures and tax burdens vary across states, with extremely high rates and complex structures

3 min read Last Updated : Mar 03 2023 | 11:51 PM IST

The Scotch Whisky Association (SWA), the trade body representing Scotch producers of the UK, has urged the British government to negotiate safeguards with its Indian equivalent under the ongoing trade talks to prevent further increase in excise and other taxes on alcohol at state level.

The organisation fears any import tariff liberalisation could be offset by increases in state-level taxes.

Responding to the inquiry by the International Trade Committee of the British Parliament into the ongoing free trade agreement (FTA) between the UK and India, the SWA has said in addition to import tariff, alcohol is also subject to “extremely high” excise

Topics : Whisky Scotch whisky FTA India-UK Free Trade alcohol

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in