
Budget 2026 Key Announcement
Basic customs duty exemption on components and parts required for manufacture of civilian, training and other aircrafts
Increase in limit for duty-free imports specified inputs used for processing seafood products for export, from the current 1% to 3 % of FOB value previous year's export turnover
TDS on sale of immovable property by NRI to be deducted by resident buyer
People can update returns even after reassessment proceedings completed
Non-audit business cases and trusts allowed to file returns till August 31
India has revised higher its expenditure goal to ₹53.5 lakh crore versus ₹49.6 lakh crore in FY26.
• Net market borrowing estimated at ₹11.7 lakh crore
• Gross market borrowing seen at ₹17.2 lakh crore
• Net tax receipts estimated at ₹28.7 lakh crore in FY27
7 high-speed rail corridors proposed:
Mumbai to Pune,
Pune to Hyderabad,
Hyderabad to Bengaluru,
Hyderabad to Chennai,
Chennai to Bengaluru,
Bengaluru to Varanasi,
Varanasi to Siliguri
India earmarks capex of ₹12.02 lakh crore outlay for FY27 to further the reforms push: FM
Rare earth corridors in mineral rich TN, Kerala, Odisha and Andhra. FM proposes to launch scheme to support states in establishing three dedicated chemical parks
Duty free imports of specified inputs , which is currently available for exports of leather or synthetic footwear, to exports of Shoe Uppers as well
Complete removal of current value cap of ₹10 Lakh per consignment on courier exports
Customs Integrated System to be rolled out in 2 years as a single, integrated and scalable platform for all customs processes.
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