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Liquor giant Pernod Ricard facing tax evasion probe in India

Liquor giant Pernod Ricard facing tax evasion probe in India

NewsBytes 3 days ago
India's customs authorities are investigating French liquor giant Pernod Ricard over alleged tax evasion. The company is accused of undervaluing its Scotch whisky imports by nearly 67.5%. This is said to have helped it evade the country's 150% tariff on imported Scotch concentrates.
The concentrates are blended locally to create popular whisky brands like Royal Stag.
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Disclaimer: This content has not been generated, created or edited by Dailyhunt. Publisher: NewsBytes