What do we know about the tea that was dumped into Boston Harbor?

On a hot summer's day, and when the water temps peak, you can scoop up a cup of water from the harbor and still taste the tea. Try it out.*

* I am not responsible for injury, illness, or death resulting from gullibility.

This past summer I saw a family standing at the State Street Station, map upside down, wondering how to get to Quincy Market. One of their kids looked to be about 7 or 8. He pointed to the map and asked why there would be a street called India Street down there (as he pointed in the general direction of the Financial District).

I couldn't help myself, stopped and said "Excuse me. I think I can answer your question." I asked the kid if he'd ever heard of the Boston Tea Party and he had. I told him that the company that sold the tea that was dumped into the harbor during the Boston Tea Party was called the East India Company. I pointed to the Custom House and told the kid that when ships came into Boston with goods, they had to go there and declare their goods. So ... that's how India Street got its name. From the tea company. They were well and truly impressed.

Was I lying? If I was, it's a pretty good one.