New Delhi, Jan. 14 -- Ahead of the Union Budget 2026-27, Deloitte India said rationalising import duties and raising budgetary allocations could significantly strengthen domestic manufacturing and boost exports, adding that the Budget should build on ongoing efforts to enhance manufacturing capacity and export competitiveness.

Call for Customs Duty Rationalisation Deloitte India said sustaining export growth would require targeted customs duty reforms to promote domestic value addition, recommending lower duties on parts and components where manufacturing capacity is adequate, and higher duties on finished goods.

"A key measure would be to further rationalise the customs duty structure, lowering duties on parts and components in sectors...