India Probes Pernod, Diageo Over Liquor Misclassification to Evade Tariffs

Indian authorities are investigating Pernod Ricard and Diageo for allegedly misclassifying imported liquors to pay lower tariffs, a recurring friction point for foreign investors. The probe signals continued regulatory pressure on multinationals in India's high-tariff alcohol market, potentially affecting their operations and pricing. Outcome uncertain; could lead to fines or tariff reassessments.