Wine in India

We've already broached the topic of India's absurd import taxes (remember the $50,000 Accord?), but the government takes it to a new level with wine with up to 300% effective import tax with state/federal taxes combined. It's gotten so bad, France and the EU are complaining to the WTO about it. Not much has come of this complaining though.

To give you an example, a bottle of Yellowtail (~$7) in the US when I last checked in Bombay was $30 at a retailer. Now, let's say you want to buy the same bottle at a restaurant with the usual restaurant markup and the extra 25% tax on food service sales of wine, the bottle becomes ~$100. $100 for a bottle of Yellowtail!! There's no justice in the world. Or no wine justice in Mumbai.

We need wine tax reform or better local wine stat.