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America's Bourbon whiskey available at a cheaper price; Government has reduced the import duty from 150 to 50%
America's most popular Bourbon whiskey has now become cheaper in India. A few hours after bilateral talks between PM Modi and US President Donald Trump, India has reduced the import duty on Bourbon whiskey by 66.6%. America is the largest exporter of Bourbon whiskey to India. One-fourth of the total Bourbon whiskey is imported from America.
Amid preparations for trade negotiations with America, India has reduced the duty on Bourbon whiskey by 50%. Earlier, it had an import duty rate of 150%. Bourbon whiskey has the tag of being sweet.
Just before Prime Minister Narendra Modi met Donald Trump, there had been an announcement on February 13 reducing duty on Bourbon whiskey. But there has not been any duty cut on other imports of liquor. They will continue to have a duty of 100%.
America is the largest supplier of Bourbon whiskey to India. A quarter of the total Bourbon whiskey originates from the US.
According to a notification issued by the Revenue Department, imports of bourbon whiskey will now attract a 50% customs duty. India imported bourbon whiskey worth US$2.5 million in 2023-24.
