https://www.taxtmi.com/news?id=69515 The 2026-27 defence budget raises total outlay to Rs 7,84,678 crore with capital expenditure at Rs 2,19,306 crore, prioritising aircraft, naval assets and modernisation. About 75% of capital acquisitions are reserved for domestic procurement. The Finance Minister proposes exempting basic customs duty on aircraft components, parts and raw materials used for manufacture and maintenance by defence units to bolster the defence and civil aerospace industrial base. Allocations also increase for border infrastructure, defence R&D and the Ex-Servicemen Contributory Health Scheme. en-us Sun, 01 Feb 2026 17:16:05 +0530 Sun, 01 Feb 2026 17:16:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=69515 The 2026-27 defence budget raises total outlay to Rs 7,84,678 crore with capital expenditure at Rs 2,19,306 crore, prioritising aircraft, naval assets and modernisation. About 75% of capital acquisitions are reserved for domestic procurement. The Finance Minister proposes exempting basic customs duty on aircraft components, parts and raw materials used for manufacture and maintenance by defence units to bolster the defence and civil aerospace industrial base. Allocations also increase for border infrastructure, defence R&D and the Ex-Servicemen Contributory Health Scheme. News - Sun, 01 Feb 2026 17:16:05 +0530 https://www.taxtmi.com/news?id=69515