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The Indian wine industry may have been caught off-guard by the huge gap in production and consumption. But, these challenging times are bound to bring change - some bad , but some definitely for the better. Last year's wine is still lying in wineries' cellars. Where is the space to harvest this...
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"The Indian middle class is hungry for exciting food and drink experiences" - at least according to Mariann Fischer Boel, the EU Commissioner for Agriculture. The free trade agreement between the EU and India was supposed to help quench this appetite. The EU wants to export wine, whisky, olive...
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While the news report this week in an Indian business daily talks of the glut in the wine market with more than half the wineries either closed down or without fresh production, a French Report warns France and Europe to buckle up and get ready for competition from the very nations which offer opportunities...
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G'Day George We are in the same line of business! We are in the process of building our distribution on the ground in defined locations in India. Similar to you, we find the duties/taxes etc in the Indian market quite daunting - not only their complexity but also the frequency of change. I am also...
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France is keen to settle the dispute with India over import duty on wines and spirits which could be sorted out through discussions without approaching the WTO. Speaking at a CII function, the visiting Foreign Trade Minister of France Anne Marie Idrac said, “We hope very much that the discussions under...
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Indian Customs allow two liters of whisky or wine duty-free for tourists on arrival at the international airports whereas duty-free goods worth Rs.25, 000 are allowed otherwise. I believe the limit on duty free wine should be raised to six bottles, for equitable justice. During my return from Singapore...
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Wine imports have been on a high in India, and the state of Maharashtra has long been India’s top consumer for imported wine. However, with the government of Maharashtra’s recent hike in excise duty from Rs 150 to 200% per bottle of imported wine, change is in the air…. IndianWine.com gets an overview...
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I think there is.... I will find out soon.
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Is the tax different if wine is imported in bulk and bottled in India rather than importing them bottled?
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The Finance Act for the year April 07-March 08 was presented today in Parliament and there are no changes in taxes on Imported Wines except that Education Cess which was 2% has been increased to 3% having a very nominal effect on costing. Click here for more deatails for the cost structure
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