New Delhi, Feb 14 (PTI) India has slashed import duty on bourbon whiskey to 50 per cent as it warmed up to negotiating a mega trade deal with the US.

The reduction in customs duty on bourbon whiskey was notified on February 13 just ahead of Prime Minister Narendra Modi's talks with US President Donald Trump.

However, there has been no reduction in basic customs duty on import of other liquors. They would continue to attract 100 per cent duty.

The US is the primary exporter to bourbon whiskey to India accounting for about one-fourth of all such liquor imported into India.

As per the notification issued by the Department of Revenue, bourbon whiskey would now attract 50 per cent customs duty on its import.

It was 150 per cent earlier.

India has imported bourbon whiskey worth USD 2.5 million in 2023-24. The major exporting countries include the US (USD 0.75 million), UAE (USD 0.54 million), Singapore (USD 0.28 million) and Italy (USD 0.23 million).

India and the US have resolved to more than double the two-way trade to USD 500 billion by 2030 and announced plans for a bilateral trade agreement with a view to bring down duties and increase market access. PTI RR DP ANZ DP SHW

Customs duty reduction on bourbon whiskey lowers import tariff, easing US market access ahead of bilateral trade talks. The government notified a sector-specific tariff change reducing the customs duty on imported bourbon whiskey to a 50 percent rate while leaving duties on other imported liquors unchanged; the amendment targets bourbon as a lower-duty category and is linked to broader bilateral trade negotiations to improve market access for US-origin products.