https://www.taxtmi.com/news?id=69452 Budget 2026-27 issues customs tariff amendments and rescissions, extends validity of certain customs notifications, and proposes targeted changes to basic customs duty. It creates an Eligible Manufacturer Importer class for Section 47 duty deferral and lengthens trusted entities' deferral from 15 to 30 days, while notifying new Baggage Rules and Customs Baggage Regulations. Central excise measures set NCCD rates on specified tobacco products, exclude biogas/CBG value (and its GST) from blended CNG valuation for excise, defer an additional duty on unblended diesel, and rescind a prior excise notification. en-us Sun, 01 Feb 2026 14:31:31 +0530 Sun, 01 Feb 2026 15:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=69452 Budget 2026-27 issues customs tariff amendments and rescissions, extends validity of certain customs notifications, and proposes targeted changes to basic customs duty. It creates an Eligible Manufacturer Importer class for Section 47 duty deferral and lengthens trusted entities' deferral from 15 to 30 days, while notifying new Baggage Rules and Customs Baggage Regulations. Central excise measures set NCCD rates on specified tobacco products, exclude biogas/CBG value (and its GST) from blended CNG valuation for excise, defer an additional duty on unblended diesel, and rescind a prior excise notification. News - Sun, 01 Feb 2026 14:31:31 +0530 https://www.taxtmi.com/news?id=69452