India-UK trade deal: British cars get cheaper but Scotch has to wait

JLR and McLaren have announced steep price reductions under the India-UK CETA agreement.

Scotch and blended India-made whisky price cuts will take at least a month due to state excise clearances.

Taxes make up 60-61% of MRP for imported whisky in Maharashtra, limiting potential price reductions.

The CETA halves tariffs on Scotch and Gin from 150% to 75%, then slides to 40% over 10 years.

Companies must file origin declarations and revised costs with state excise authorities to pass on duty benefits.