Market Chatter: Pernod Ricard Withdraws Court Challenge Against India's Tax Demand for Whisky Imports

06:54 AM EDT, 07/21/2026 (MT Newswires) -- Pernod Ricard (RI.PA) withdrew its court challenge against India's tax demand, which had alleged that the company undervalued its whisky imports for years to lower tariff charges, Reuters reported Tuesday. Citing an order from the Delhi High Court, the champagnes and spirits producer instead seeks to pursue a statutory alternative remedy of appeal via the tax authority. However, the report said that the reasoning behind the move was not clear. Pernod Ricard did not immediately respond to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)