Alphamojo (Stock Market, IPO, Finance )
February 17, 2025 at 03:33 AM
Big win for bourbon lovers! 🥃
India cuts import duty on Bourbon Whiskey from 150% to 100% (50% Basic Custom Duty + 50% AIDC).
📊 India’s Bourbon Imports (2023-24):
•🇺🇸 USA: $0.75M (30%)
•🇦🇪 UAE: $0.54M (22%)
•🇸🇬 Singapore: $0.28M (11%)
•🇮🇹 Italy: $0.23M (9%)
•🌍 Others: $0.7M (28%)
•📦 Total: $2.5M
Lower tariffs could boost US exports & make bourbon more affordable in India. A toast to that? 🥂