Liquor apex body CIABC objects reducing basic customs duty on imported spirits before trade talks with UK

Confederation of Indian Alcoholic Beverage Companies (CIABC), the apex body of leading liquor firms, has objected to any plans of the government to slash Basic Customs Duty (BCD) amid reports of the United Kingdom urging Indian government for tariff concessions on imports of whisky in the free trade agreement negotiations. The CIABC said reduction in BCD will adversely affect Indian Made Foreign Liquor (IMFL) brands as imports already dominate the Indian alcoholic beverages market. CIABC ...
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