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Tax officials visit Radico Khaitan offices and plant amid probe into bulk Scotch imports under India-UK pact

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Tax officials visit Radico Khaitan offices and plant amid probe into bulk Scotch imports under India-UK pact

Tax officials visit Radico Khaitan offices and plant amid probe into bulk Scotch imports under India-UK pact

Tax officials from the Directorate of Revenue Intelligence have visited offices and a manufacturing facility of Radico Khaitan. These actions are part of a broader industry-wide review on bulk Scotch imports. The scrutiny focuses on whether major liquor companies are misclassifying bulk Scotch to reduce tariffs. Radico Khaitan stated that the visits do not affect its financial or operational activities.

Tax officials have visited two offices and a manufacturing facility of Indian liquor maker Radico Khaitan , as the authorities widen a review of bulk Scotch imports brought in under the India-UK trade pact . Radico Khaitan said on Tuesday that the visits by the Directorate of Revenue Intelligence (DRI) are part of “an industry-wide exercise” being carried out by the authority. The officials went to an office in Delhi, and to a manufacturing facility and another office in the northern state of Uttar Pradesh . The company added that the visits have no impact on its financial or operational activities. Advt

Reuters reported exclusively last week that the tax authority is looking into whether liquor giants Pernod Ricard and Diageo wrongly classified some bulk Scotch imports, which allowed them to pay lower tariffs. Reuters cited five industry sources for the report. It said tax inspectors had visited Pernod’s India office. According to Reuters, the tax department is concerned that companies are classifying bulk Scotch concentrates as products eligible for the lower tariffs under the India-UK trade pact.


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