Monday, July 16, 2007

Whisky Celebrations Back on Ice in Mumbai

Well before the whooping and cheering of the SWA had stopped ringing in Vijay's ears - India has turn round and slapped a cheeky back hander at the Scotch Whisky Industry by allowing each state in India to set its own Import levels. So although the basic import rate is 150% (down on previous levels) each state can add its own duty level on top of this. Mumbai have just announced that they will be slapping on a 200% tax making things not much different from what they were before.

Will be interesting how the ever so "smug" (OK they were last week) SWA react to this.

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