Indian Tax Cuts Could Set Off Wine Boom
Indian Tax Cuts Could Set Off Wine Boom
Jul 1, 2012 6
(HuffingtonPost) - A deal is coming this year that could see India significantly opened up to the wine investment market as Indian import taxes on alcohol could be slashed by as much as 73 per cent.
India and the European Union have been locked in talks to negotiate a free trade agreement since 2007 but after a number of setbacks it appears that a deal could finally be struck in the next few months that could have dramatic impacts on the wine industry.
The deal in question would see India decrease tariffs on imported alcohol in return for an opening up of the European markets to India.
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