Diageo's United Spirits is affected by India's dispute over bulk Scotch import duties. Officials promised an amicable resolution but gave no ruling on the 150% rate or the lower trade-agreement rate, so Diageo's outlook has not changed yet.
The dispute could leave bulk Scotch imports facing a 150% duty or a lower rate under India's trade agreement. Officials did not say which rate would apply or when a decision would come, so the promise alone changes little for Diageo.
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