The amendment updates Rule 4 of the Deferred Payment of Import Duty Rules with new monthly timelines. Importers must now pay deferred duty by the 1st of the following month, with a special rule for March.
The government expands the deferred duty payment scheme by adding manufacturer importers as an eligible class. The key takeaway is a cash-flow relief through deferred customs duty payments until 31 March 2028.
While certain customs exemption notifications stand rescinded, the government has ensured no retrospective impact. The ruling draws a clear line between past compliance and future liability.
The government has amended an existing customs notification to replace references to the Baggage Rules, 2016. The key takeaway is alignment of customs provisions with the new baggage framework.
The government has revised customs exemptions by inserting new tariff headings and omitting select entries. The key takeaway is a targeted rationalisation of duty benefits effective from April–May 2026.
The government has comprehensively amended customs duty exemptions by withdrawing many entries from April–May 2026 while extending several strategic exemptions up to March 2028. The move realigns incentives with policy priorities in energy, defence, healthcare, and manufacturing.
The government has extended the validity of multiple customs exemption notifications up to 31 March 2028. The key takeaway is continued duty relief and certainty for eligible imports.
The Budget proposes Mega Textile Parks and relaxes export timelines for textile and leather exporters. The measures aim to improve scale, cash flow and global competitiveness.
The Union Budget 2026–27 launches a major biopharma initiative to boost domestic production of biologics and biosimilars, aiming to reduce imports and strengthen healthcare security.
The Budget unveils ISM 2.0 with fresh funding to deepen domestic semiconductor capabilities across design, materials, and equipment. The move targets resilient supply chains and skilled workforce development.
