New Delhi, Feb. 2 -- The Union Finance Minister Nirmala Sitharaman said that the United States (US) tariffs have "no influence on customs duty overhaul."

"Custom duty overhauling exercise has been going on for the last two years. The US matter has had 'no influence' on Budget," Sitharaman told reporters in the national capital in the context of the proposals announced in the Union Budget 2026-27 for the deduction in Customs and Central Excise for certain products.

The Union Minister said, "We didn't make any assessment on the impact of US tariffs."

Sitharaman in her budget speech yesterday, had proposed deductions in Customs and Central Excise for certain products, which she said aims to further simplify the tariff structure, support d...