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Indirect TaxesProposals for Customs and Central... ... Union Budget 2026-27: LIVE
Indirect Taxes
Proposals for Customs and Central Excise aim to further simplify:
- the tariff structure,
- support domestic manufacturing,
- promote export competitiveness, and
- correct inversion in duty.
She Proposed to remove certain exemptions on items which are being manufactured in India or where the imports are negligible.
Similarly, to further simplify the process of ascertaining the rate of duty applicable on a particular item, she propose to incorporate certain effective rates in various customs notifications to the tariff schedule itself.
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