India inches towards lower taxation on alcohol
India inches towards lower taxation on alcohol
Jul 5, 2011 6
India and the European Union are in the final stages of negotiating a free trade agreement that could result in a substantial reduction in India's high tariffs on imported alcohol. The consumption of European wine in India, especially French, has seen a steady increase, with a 25% year on year growth of imported French wine coming into India in the last 5 years, according to the trade body Sopexa.
However, India’s import system is currently extremely complex.
As well as a flat 150% tariff on imported wine, the federal government imposes an Extra Additional Duty (EAD) of 4% on imported wines.
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