https://www.taxtmi.com/news?id=69421 The Budget proposes tariff simplification by removing certain long-standing exemptions and embedding effective rates in the tariff schedule; raises duty free import limits for specified seafood inputs to 3% of prior year FOB and extends duty free input treatment to Shoe Uppers; lengthens export timelines for leather, textiles and footwear to one year. It grants targeted BCD exemptions for Lithium Ion cell manufacturing and storage systems, sodium antimonate for solar glass, nuclear project goods to 2035 for all capacities, capital goods for critical minerals processing, aircraft components and defence MRO inputs, and specified microwave oven parts; excludes biogas value from excise on biogas blended CNG. A one time concessional DTA sale mechanism for eligible SEZ manufacturers is also proposed. en-us Sun, 01 Feb 2026 14:03:27 +0530 Sun, 01 Feb 2026 14:03:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=69421 The Budget proposes tariff simplification by removing certain long-standing exemptions and embedding effective rates in the tariff schedule; raises duty free import limits for specified seafood inputs to 3% of prior year FOB and extends duty free input treatment to Shoe Uppers; lengthens export timelines for leather, textiles and footwear to one year. It grants targeted BCD exemptions for Lithium Ion cell manufacturing and storage systems, sodium antimonate for solar glass, nuclear project goods to 2035 for all capacities, capital goods for critical minerals processing, aircraft components and defence MRO inputs, and specified microwave oven parts; excludes biogas value from excise on biogas blended CNG. A one time concessional DTA sale mechanism for eligible SEZ manufacturers is also proposed. News - Sun, 01 Feb 2026 14:03:27 +0530 https://www.taxtmi.com/news?id=69421