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.
http://business.scotsman.com/index.cfm?id=1101252007
http://www.theherald.co.uk/business/news/display.var.1549333.0.0.php
No comments:
Post a Comment