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.
Summary of the Finance Bill, 2026 outlining income-tax rates, surcharge structure, threshold relief, amendments across direct and indirect taxes, and the introduction of a disclosure scheme, based strictly on the Bill as introduced.
The Budget 2026 changes overhaul customs duty structures by moving rates into the tariff and pruning exemptions. The key takeaway is greater predictability, fewer notifications, and phased withdrawal or extension of concessions.
The government has granted time-bound approval under section 35(1)(ii) enabling eligible donations to scientific research to qualify for tax benefits. The key takeaway is that deductions are available only with strict compliance on reporting and certification.
The regulator restructured its advisory body with senior government officials, industry leaders, and domain experts. The decision strengthens consultative inputs on pension policy and governance.
The government has notified a clear wage ceiling for supervisory roles. Earnings above this limit remove such employees from worker coverage under the Code.
The amendment prescribes a clear formula to compute maximum rated speed of packing machines. This ensures uniform cess classification and prevents disputes over machine capacity.
The government imposed minimum import price limits on key antibiotics to curb low-priced imports. Imports below notified CIF values are restricted for one year, with limited export-linked exemptions.
The order appoints a new chairman and members drawn from senior insurance and regulatory backgrounds. The key takeaway is continuity and strengthened advisory oversight.
