There is good news for whiskey enthusiasts. India has reduced the import duty on American borbon whiskey to 50 percent. That is, you will now be able to enjoy this whiskey at a very low cost. India has taken this decision under the preparation of talks on a large business deal with the US. According to PTI news, the notification of customs cut on Borbon Whiskey was released on 13 February before Prime Minister Narendra Modi’s talks with US President Donald Trump.
America is the primary exporter of this whiskey
According to the news, apart from reducing import duty on borbon whiskey, there has been no reduction in the original customs duty on the rest of the liquor imports. As before, 100 percent import duty (import duty) will be applicable to them. Let me tell you, America is the primary exporter of Borbon Whiskey to India. It is about a quarter of all liquor coming from outside countries in India. According to the notifications issued, now borbon whiskey will now be charged only 50 percent of the importance duty in India.
Which main countries have done how much expense in India
Major liquor exporting countries include the US (US $ 75 million), UAE (US $ 54 million), Singapore (US $ 28 million) and Italy (US $ 23 million). India and the United States have pledged to increase bilateral trade by more than doubled to US $ 500 billion by 2030.
At the same time, a plan for bilateral trade agreement has been announced to reduce more charges and increase market access. India has imported borbon whiskey worth US $ 2.5 million in 2023-24. Borbon whiskey is a barrel-aged American whiskey made mainly from corn (maize). Despite its popularity, this spirit remains a mystery for many people.
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