A Step in the Right Direction: Additional Custom Duties Scrapped


The Economic Times is reporting that the Indian government has decided to scrap additional customs duty on wines and spirits. This is as per India’s committment at the WTO. The bound duties still hold at 100%-150% depending upon the type of liquor. States can still levy their own taxes. Combined duties and taxes for wines are currently at 264%. They will be capped at 150% in the future.

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