June 2008 - Posts

• India's Taxes on Alcohol Are Legal, WTO Judges Rule - bloomberg.com

  June 9 (Bloomberg) -- The U.S. failed to prove that Indian duties on alcohol imports discriminate against products such as Brown-Forman Corp.'s Jack Daniels whiskey, World Trade Organization judges said, after changes to Indian import rules. ``The U.S. has failed to establish that the additional duty on alcoholic liquor is inconsistent'' with Indian commitments at the WTO, judges said in a 182-page report issued today from Geneva. In response to a complaint by the European Union, India trimmed the levies to 150 percent last year.     For More Details bloomberg.com Posted Jun 10 2008, 12:26 PM by admin with no comments Filed under: wine business

• Chateau d’Ori to expand wine distribution overseas - hospitalitybizindia.com

  Chateau d’Ori plans to expand its wine label overseas with distribution presence in United Kingdom, Japan, United States and South East Asia. The company is presently in advanced level of discussions in United Kingdom to make its wines available there, and plans to target Indian restaurants to initially distribute the wines. The wines will be present in the UK market within the next couple of months, informs Ranjit Dhuru, Chairman, Managing Director, d’Ori Winery Pvt Ltd. for more details. hospitalitybizindia.com Posted Jun 10 2008, 12:21 PM by admin with no comments Filed under: wine business

• ANALYSIS - WINE CONSUMPTION AND PRODUCTION TO INCREASE IN INDIA - www.tradingmarkets.com

  NEW DELHI, Jun 03, 2008 (AsiaPulse via COMTEX) -- -- Rapid economic growth coupled with the rising income levels and exposure to the western life style is pushing wine consumption in India. According to a study published by the UK, wine consumption in India is growing at the rate of 50 per cent per annum and it is expected to touch 17 million litres per annum by 2011 from the six million litres in 2006, thus registering a three fold growth in the segment.  As per the study, wine consumption in India stood at six million liters in 2006 and in the last four years has risen by over four times.  for more details visit www.tradingmarkets.com Posted Jun 04 2008, 12:36 PM by admin with no comments Filed under: wine business

• Centre pushes for uniform tax to steady liquor prices across India - livemint.com

  The proposal will help the Rs45,000 crore by sales liquor industry (excluding country liquor) to adopt a uniform retail price for brands across the country Mumbai: The Union government, with some prodding from liquor lobbies, is considering a uniform tax on liquor across the country, which will result in products being sold at the same retail price anywhere in India. That’s a significant development in a country where whisky tastes the same in Cudallore in Tamil Nadu or Panipat in Haryana, but is priced differently. That’s because of varying rates of sales tax and excise duty across states. Even the road map to the common goods and services tax (or GST) that the government has been talking about exempts liquor.   for more details LiveMint.com Posted Jun 04 2008, 12:32 PM by admin with no comments Filed under: wine business