CIABC urges Centre not to reduce customs duty on whiskey imports

17 March 2021 – A reduction in BCD, it said, will adversely affect Indian Made Foreign Liquor (IMFL) brands since imports already dominate the Indian alcoholic beverages market. Amid reports of the UK seeking massive tariff concessions on imports of scotch whiskey ┬áduring ongoing free trade agreement (FTA) negotiations, liquor sector association Confederation of Indian…