India holds Pernod Ricard and Diageo Scotch shipments in tariff dispute, Reuters reports

Reuters reports, citing industry sources, that Pernod Ricard and Diageo each have more than 40 containers of bulk Scotch held at Indian ports. Investigators argue the imports are compound preparations, not finished whisky, and should face 150% duty rather than the India-UK pact’s 75% rate. The commerce ministry had promised to honour the pact, Reuters reports; a finance ministry source said the ministries were discussing a resolution.