3 months ago
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Union Finance Minister Nirmala Sitharaman connected Sunday (February 1, 2026) announced an hold of basal customs work exemption connected superior goods utilized for manufacturing lithium-ion cells for artillery retention successful the yearly fund for the adjacent fiscal year.
In her Budget speech, she besides projected to exclude the full worth of biogas portion calculating excise work levy connected (biogas) blended CNG (compressed earthy gas).
"I suggest to widen the basal customs work exemption fixed to superior goods utilized for manufacturing lithium-ion cells for batteries. Also, I suggest to exempt basal customs work connected import of sodium anti Monet, for usage successful manufacturing of star glass," she said.
It is projected to supply basal customs work exemption to the import of superior goods required for the processing of captious minerals successful India.
For biogas blended CNG, she said, "I suggest to exclude the full worth of biogas portion calculating the cardinal excise work payable connected biogas blended CNG."
Union Budget 2026-27 documents
She said that the authorities volition make an integrated East Coast Industrial Corridor with a well-connected node astatine Durgapur.
About the absorption connected Poorvodaya states and Northeastern regions, she said, "I suggest the improvement of an integrated eastbound seashore concern corridor with a well-connected node astatine Durgapur, instauration of 5 tourism destinations successful 5 Poorvodaya states and the proviso of 4,000 e-buses, Buddhist sites successful the northeastern region."
Budget proposes to region exemptions connected customs duties connected items manufactured successful India oregon person negligible import, she added.
