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Liquor apex body CIABC objects reducing basic customs duty on imported spirits before trade talks with UK
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Liquor apex body CIABC objects reducing basic customs duty on imported spirits before trade talks with UKBy
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Synopsis
“India exports just Rs 5 crore worth of alcoholic beverages annually to UK against an import of Rs 1300 crores. Exports to UK constitute only 0.2% of India’s total exports of alcoholic beverages whereas imports from UK are 24% of India’s total import of alcoholic beverages,” said Vinod Giri, director general of CIABC.
Agencies
The CIABC has asked the government to urge UK to remove non-tariff barriers to allow easy export of IMFL.