Union Budget 2026-27 Proposes Reforms in Customs and Central Excise

The Union Budget 2026-27, presented by Finance Minister Nirmala Sitharaman, includes initiatives aimed at simplifying the tariff structure, supporting domestic manufacturing, and encouraging export competitiveness. The proposed budget removes certain customs duty exemptions for items manufactured in India, introduces measures for energy transition, and facilitates sales between Special Economic Zones (SEZs) and Domestic Tariff Areas (DTAs) at concessional rates.

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