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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.
Centre urged not to reduce customs duty on UK imports
By IANS |
Published on
Tue, Mar 16 2021 12:27 IST |
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Container Terminus of Container Corporation of India. (File Photo: IANS). Image Source: IANS News
New Delhi, March 16 : Amid reports of the UK mounting pressure on the Indian government for massive tariff concessions on imports of Scotch whiskey in the free trade agreement negotiations, the Confederation of Indian Alcoholic Beverage Companies (CIABC) has strongly objected to any plans to slash the Basic Customs Duty (BCD).
The CIABC has said that since the imports are already dominating the Indian market, any reduction in the BCD will make matters worse and squeeze Indian products totally out.
Delhi govt prepares new excise policy that will increase liquor prices by 50%
A panel of experts has suggested sweeping changes that could push booze rates in Delhi to an all-time high and change the way drinks are sold in Delhi NCR by the government and privately owned shops.
alcohol
A move to raise excise duty on liquor and change the format of retail sales by the Aam Aadmi Party-led government has set the proverbial cat among the pigeons in the Indian Capital.
A panel of experts, formed by the government in Delhi, has suggested sweeping changes that could push booze rates in Delhi to an all-time high and change the way drinks are sold in Delhi NCR by the government and privately owned shops.
Synopsis
Premium German wine brands J. Oppmann and Becksteiner are entering India in February through Chennai-based liquor startup Ciro .
Reuters REUTERS/Ronen Zvulun
Now you can raise a toast to a glass of premium German sekt or sparkling wine poured from a 14-carat gold plated bottle by brand J. Oppmann that once made champagne for the king of Bavaria.
Premium German wine brands J. Oppmann and Becksteiner are entering India in February through Chennai-based liquor startup Ciro which is importing the brands to cash in on the pandemic times when consumers are grounded by travel curbs, leaving tipplers craving for offbeat international alcobev brands. Consumers typically shop for liquor, perfumes, cigarettes, chocolates, beauty and watches from duty free outlets at airports with price tags nearly 40% lower due to tax exemption.
Synopsis
Bihar’s chief minister Nitish Kumar had ordered a complete ban on sale and consumption of alcohol in the state nearly five years ago. Last week, Kumar yet again ordered strict enforcement of the alcohol prohibition law and directed officials to act tough against violators.
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In its letter to Bihar CM, CIABC has suggested that liquor sale be allowed in urban areas.
BENGALURU: Liquor apex body The Confederation of Indian Alcoholic Beverage Companies (CIABC) has urged the Bihar government to withdraw prohibition in the state claiming that it has increased smuggling and sale of illicit liquor and caused financial losses to the state exchequer.