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of <h1>Union Budget 2025-26 Cuts Customs Duties on Tech, Auto Parts, and More; Boosts Exports, Sustainability</h1> The Union Budget 2025-26 introduces changes in basic customs duty rates across various sectors, effective February 2, 2025. Key adjustments include reduced duties on frozen fish paste, fish hydrolysate, wet blue leather, platinum findings, and several metal scraps such as lead, zinc, and cobalt. The IT and electronics sector sees reduced duties on components for interactive flat panel displays and mobile phone parts. In the automobile sector, duties on certain motor vehicles and motorcycles are lowered. Additionally, the export duty on crust leather is eliminated. These changes aim to boost exports, support domestic manufacturing, and promote sustainable practices.
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