Moneycontrol PRO
HomeNewsBusinessRaise a toast, scotch lovers! These top whiskey brands will cost less under India-UK FTA

Raise a toast, scotch lovers! These top whiskey brands will cost less under India-UK FTA

Under the deal, duties on gin and imported whiskey will be slashed to 75 percent.

May 06, 2025 / 21:11 IST
India UK Free Trade Agreement, whiskey, whiskey brands, Free Trade Agreement news, scotch news, scotch in india, whiskey rates in india

Black Label, Chivas, Johnnie Walker are some of the major brands that will cost less under the free trade agreement signed by India and the United Kingdom.


India on Tuesday finalised the ambitious free trade agreement with the United Kingdom. Prime Minister Narendra Modi announced the development via a post on X. The United Kingdom will be the 16th country with which India has entered an FTA. Lauding the development as a ‘historic milestone,’ PM Modi said that the deal will boost jobs creation and will be mutually beneficial for both nations.

Under the deal, duties on gin and imported whiskey will be slashed to 75 percent. This means that several major imported whiskey brands will cost a much cheaper in India. The top brands that will see a price cut include Black Label, Chivas Regal, Johnnie Walker and The Glenlivet. These British whiskies will see lower tariffs in the tenth year of the deal.

“The UK-India free trade agreement is a once in a generation deal and a landmark moment for Scotch Whisky to the world’s largest whisky market,” said Mark Kent, Chief Executive of the Scotch Whisky Association.

“The reduction of the current 150% tariff on Scotch Whisky will be transformational for the industry. The deal has the potential to increase Scotch Whisky exports to India by £1bn over the next 5 years and create 1200 jobs across the UK. The deal is good for India too, boosting federal and state revenue by over £3bn annually, and giving discerning consumers in a highly educated whisky market far greater choice from SME Scotch Whisky producers who will now have the opportunity to enter the market,” Kent added.

 

first published: May 6, 2025 08:46 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347