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- by economictimes.indiatimes.com
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Som Distilleries, other liquor stocks tumble up to 5% as India-UK FTA slashes scotch whisky tariffs
Indian liquor stocks fell up to 5% after the India–UK FTA announced steep duty cuts on Scotch whisky and gin imports, sparking fears of rising competition for domestic players. The deal, signed May 6, boosts UK exports and threatens premium segments of local liquor firms.