https://www.taxtmi.com/news?id=69561 The budget raises the defence allocation to Rs 7,84,678 crore for 2026-27, with Rs 2,19,306 crore for capital expenditure and Rs 1.85 lakh crore for capital acquisition (a 24% increase), allocating Rs 63,733 crore for aircraft and Rs 25,023 crore for the naval fleet. Approximately Rs 1.39 lakh crore (75% of capital acquisition) is to be procured from domestic industry. The budget also exempts basic customs duty on aircraft components and raw materials for maintenance, repair and overhaul to support the defence aerospace sector. en-us Sun, 01 Feb 2026 19:16:04 +0530 Sun, 01 Feb 2026 19:16:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=69561 The budget raises the defence allocation to Rs 7,84,678 crore for 2026-27, with Rs 2,19,306 crore for capital expenditure and Rs 1.85 lakh crore for capital acquisition (a 24% increase), allocating Rs 63,733 crore for aircraft and Rs 25,023 crore for the naval fleet. Approximately Rs 1.39 lakh crore (75% of capital acquisition) is to be procured from domestic industry. The budget also exempts basic customs duty on aircraft components and raw materials for maintenance, repair and overhaul to support the defence aerospace sector. News - Sun, 01 Feb 2026 19:16:04 +0530 https://www.taxtmi.com/news?id=69561