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Alcohol to cosmetics: British brands set to get cheaper
Financial Express Lucknow
|July 25, 2025
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CONSUMERS OF SCOTCH whisky and gin may no longer find their favourite alcohol brands pinching their wallets as import duty on these products will be halved to 75% from 150% as part of the India-UK Free Trade Agreement (FTA) signed on Thursday.
However, this will happen in a staggered manner, meaning the duty will drop to 110% in the first year, followed by annual cuts down to 75% by the tenth year. UK cosmetics, soft drinks, perfumes and personal care products, on the other hand, will see average Indian import duties drop from 15% to 3%, say tax experts, following the FTA.
Dit verhaal komt uit de July 25, 2025-editie van Financial Express Lucknow.
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