Topic
alcohol
India-UK CETA Cuts British Car Prices But Scotch Waits for State Excise Clearances
The India-UK Comprehensive Economic and Trade Agreement (CETA) took effect, prompting immediate price cuts of up to Rs 75 lakh on JLR models and nearly 38% on McLarens. However, Scotch whisky and gin tariff cuts are delayed by at least a month as companies file revised costs with state excise departments. ISWAI estimated a 12-13% price reduction for imported whisky if benefits are passed on.
India-UK Comprehensive Trade Deal to Slash Scotch and Gin Tariffs from July 15
The India-UK Comprehensive Economic and Trade Agreement (CETA) and Double Contribution Convention (DCC) take effect on July 15, 2026. The deal provides zero-duty access on 99% of Indian exports, reduces whisky tariffs from 150% to 75% initially, and establishes a phased auto import quota of 3.78 lakh vehicles over 15 years. Commerce Minister Piyush Goyal called it India's 'most comprehensive' trade pact.