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May 2022
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Business News
No cheap import of liquors from UK, industry body tells govt
 
New Delhi, As India and the UK are moving fast to seal free trade agreement (FTA), the local liquor industry has urged Commerce Ministry to ensure that alcoholic beverages are not dumped into the country.

In order to stop cheap alcohol being dumped in the country, Confederation of Indian Alcoholic Beverage Companies (CIABC) has suggested to impose a Minimum Assessable Value (MAV) on spirits and wines for the purpose of calculating customs duty.

In case of white and brown spirits, the CIABC has proposed an MAV at the rate of $ 5 per bottle (750 ml) at CIF (cost, insurance, and freight) value. For wines, an MAV of $ 3.5 per bottle has been suggested with the intent being that products being imported at prices below MAV are taxed at MAV only.

The industry body also wants that during bilateral negotiations India should insist for getting non-tariff barriers removed on Indian alcoholic beverages.

"The Government of UK has imposed non-tariff barriers, related to product recipe and ageing, on Indian alcoholic beverages, which prevents most Indian product to access UK market. These must be removed to ensure genuine quid pro quo," CIABC Director General Vinod Giri has said in a letter to Commerce Ministry.

The industry body said that Indian whiskies should be allowed to be sold in UK as ‘Indian Whisky’ irrespective of whether they are made from malt, grain spirits or molasses-based spirits.

CIABC expects that alcoholic beverages may be part of the early harvest with the UK.

Members of CIABC include major Indian companies who manufacture and market their product range in India and abroad.


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