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Saturday, October 20, 2018
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  3. What are the Impacts of GST on Various Indian Industries?
  4. India Refrigerator Import Data 2017 – Freezer Customs Data of India
  5. What is GSTIN? What are Advantages & Disadvantages of GST in India?
  6. Top Gold Buyers in India – List of Gold Importers with Gold Import Data
  7. India Air Conditioner Import Report 2017 – Top 30 AC Importers in India
  8. LABSA Export Shipments Data of India – Top LABSA Exporters in India
  9. List of Tea Exporters in India – Indian Tea Export Data and Report
  10. India Palm Oil Report 2017 – Top 25 Palm Oil Buyers in India
  11. Olive Oil Imports into India 2017 – Top 20 Olive Oil Importers in India
  12. Top 20 Egg Exporters in India – Indian Egg Export Data 2017
  13. LED TV Import Data of India 2017 – LED TV Import Market Report
  14. Vietnam’s Mobile Phone Export Market – Vietnam Mobile Export Data
  15. Banana Exporters in India – Indian Banana Export Data
  16. Rice Export from India to the World – Top 50 Rice Exporters in India
  17. Spices Export from India – Top Spices Exporters in India
  18. Coal Imports into India – List of Biggest Coal Buyers in India
  19. What is HS Code? How to find HS Code Online? HS Code List
  20. What is the Calculation Method of Import Duty after GST in India?
  21. List of Dry Days in 2018: Dry Day in Delhi, Mumbai, UP, Noida, Haryana
  22. Alcohol Import Partners of India : Top Indian Ports of Alcohol Import
  23. Who are the Hard Drive Importers in Vietnam? Hard Drive Import Data
  24. Largest Type of Alcoholic Drink Imported into India – The Whisky Story
  25. Top 50 Leather Exporters in India – List of Leather Suppliers in India
  26. Top 20 Alcohol Importers in India – Alcohol Companies List
  27. Alcoholic Drinks Import Report of India – Alcohol Market Report
  28. Alcohol Consumption in India – Alcoholic Beverages Market Report
  29. Onion Export Data: Onion Exporters in India – Onion Suppliers List
  30. List of Sugar Exporters in Brazil – Brazil Cane Sugar Export Analysis
  31. Top 50 Mango Exporters in India – Mango Export from India Report
  32. List of Coal Importers in India – Top Coal Buyers in India
  33. Top 5 Indian States Exporting Leather Products to Other Countries
  34. Top 10 Gold Importing Countries in the World – Biggest Gold Buyers
  35. 8 Best Ways to Find Buyers and Suppliers in China for Your Product
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Alcoholic drinks are widely consumed throughout the world. According to a World Health Organization report 2014 on alcohol and health, 38.3% of the world’s population was reported to consume alcohol regularly. An individual’s consumption of alcohol per year was 6.2 litres. This report showed that 30% of Indian population consumed alcohol regularly of which 11% Indians were moderate to heavy drinkers.

 

Consumption of alcoholic drinks by Indian consumers predates British colonization and has often been suppressed by taxes and other restrictive policies including banning of the sale of liquor on highways. India has the world’s fastest growing market for alcoholic drinks consumption. Restrictive policies such as high tax rates on alcoholic beverages at the federal and state levels are often carried out under that concern that alcoholic drinks should be heavily regulated in order to prevent public health & safety issues related to drinking. However, these policies have often proven to be ineffective for controlling drinking habits in India. And consumption of alcoholic drinks is still on the rise in the country.

 

Another report of World Health Organization shows that consumption of liquor in India has been growing steadily since 2005. While tariffs on imported liquor remain high, domestic liquor manufacturing and sales are also enmeshed in a complicated network of strict laws and regulations on both the federal & state levels, especially after Goods and Services Tax, which was implemented on 1 July 2017. Generally, two types of liquor exist in the Indian market – Indian Made Foreign Liquor (IMFL) and Imported Foreign Liquor (IFL).

 

Indian Made Foreign Liquor: This type of liquor is termed as hard liquor that has incorporated from imported raw materials or borrowed the concept from foreign branded liquor. Among all IMFL, whisky is imported into India the most. Despite its origins, freedom to purchase IMFL is largely restricted in some federal states. For instance, the southern states are often more heavily regulated in manufacturing of liquor and its distribution as compared to the northern states. The federal states use a licensing system to control the number of private bars.

 

Imported Foreign Liquor: This kind of liquor includes foreign produced liquor imported into India. It has a marginal share of the total alcohol consumption in India. Consumers of IFL are rich and upper middle class individuals or international travellers. Indian import duties on IFL are as high as 150% under GST regime. That is why India’s total liquor market is less than 3%. Despite high customs duties on this kind of liquor, imports of whisky have grown steadily over the years were primarily driven by purchases from licensed retailers & manufacturers and government agencies. 

 

In the above article, we have just provided a brief of alcohol import report of India. Our report includes each segment of the shipments and it is analysed by application, type, brand, trading companies etc.  To buy the report on India’s alcohol import market, contact us via email i.e. eximfile.info@gmail.com or fill up the contact form given below.

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