New Delhi, Feb. 1 -- The union Budget 2026-27 has proposed an expansive set of indirect tax reforms aimed at simplifying tariff structures, strengthening export-oriented sectors, supporting India's energy transition and modernising customs administration.
Finance Minister Nirmala Sitharaman said the measures are designed to enhance ease of living and ease of doing business while aligning India's indirect tax framework with evolving trade and manufacturing priorities.
A major focus of the Budget is tariff simplification to reduce cost burdens and improve competitiveness across key sectors.
In a significant boost to marine exports, the limit for duty-free imports of specified inputs used in the processing of seafood products for export has...