Does a new government bode well for wine?

With the Modi juggernaut powering back to a thumping majority in the recent Lok Sabha elections, what does this presage for the wine industry in India?

As everybody knows, alcoholic beverages are a state subject in India – which means that every state (and Union Territory) has its own rules and regulations and duties and taxes on the stuff. Imports come under the purview of Central Customs & Excise, which since 2009 levies a Basic Customs Duty on all alcoholic beverages at 150% of Assessable Value (which is the CIF cost +1%). Star hotels and restaurants earning foreign exchange can get a “duty-free” licence, which enables them to buy spirits/beer/wine, free of customs duty – a huge saving, enabling them to charge mark-ups of 250% to 300% (which is partly why prices are so high in these establishments).


Subscriber Only Content

A paid subscription is required for access to all content other than the Grapevine section. Subscribe below for access to all Sommelier India articles online and to get the print magazine delivered to your doorstep.

Sign In here if you have already subscribed for access. You can request a password from your account page once you’ve entered your email address. If you are unable to access an article after signing in, it may mean your subscription has expired. For other sign in queries email team@sommelierindia.com

Subscribe by Credit Card

 

Subscribe by mailing a Cheque or Bank Draft

Cheques should be in the name of Sommelier India and mailed to the following address:
Sommelier India,
C-320 Defence Colony,
New Delhi 110 024, India

Download our subscription form (PDF) to print and mail with your cheque.

See also  In Napa Valley Change is the Constant