Budget 2026: What indirect tax measures FM Sitharaman announced? Check full list
Sitharaman: Simplifying tariffs, supporting manufacturing, promoting exports.
Sitharaman: Removing exemptions on domestically made items.
Sitharaman: Incorporating effective rates in customs notifications.
Govt: This improves transparency and reduces disputes!
Sitharaman: Duty-free input limit increase for seafood exports.
FM: Extending duty exemptions to battery storage for clean energy.
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Why this matters
Tariff simplification and review of exemptions At the core of the proposals is a renewed effort to rationalise customs duty exemptions. She also announced a full exemption on basic customs duty for the import of sodium antimonate used in the manufacture of solar glass. Capital goods required for processing critical minerals in India will also be eligible for customs duty exemption. To deepen value addition in electronics, Sitharaman proposed exempting basic customs duty on specified parts used i
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