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flag Indian alcohol industry seeks reduced import duties on wines and spirits in the EU trade deal.

flag The Confederation of Indian Alcoholic Beverage Companies (CIABC) is pushing for a phased reduction in import duties on alcoholic beverages under the proposed India-EU free trade agreement. flag They suggest lowering the current 150% customs duty to 100% immediately, then to 50% in ten years for bottled products like wines and spirits. flag For bulk spirits, they recommend a quicker cut from 150% to 75% and down to 25% over ten years. flag However, they stress the need for strict safeguards to prevent cheap imports and misuse of trade concessions.

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