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Union Budget 2026-27 - Finance Bill, 2026
(a) The validity of the BCD exemption for the goods covered under the following notifications is being extended for two years, i.e. upto 31.03.2028:
| Sl.No. | Notification No. | Brief Description | End date |
| 1. | 248-Customs dated 2nd August 1976 | Exemption to precious stones imported by posts on approval or return' basis | 31.03.2028 |
| 2. | 32/1997- Customs dated 1st April 1997 | Exemption to goods imported for execution of an export order for jobbing | 31.03.2028 |
| 3. | 24/2001- Customs dated 1st March 2001 | Exemption to copper cathodes, wire bars and wire rods produced out of copper reverts | 31.03.2028 |
| 4. | 25/2001- Customs dated 1st March 2001 | Exemption on gold and silver produced out of copper anode slime which were exported out of India for toll smelting and processing | 31.03.2028 |
Note: Description of entries is indicative. Notification may be referred to for complete description.
(b) The following standalone notification is being allowed to lapse on the 31.03.2026:
| Sl. No. | Notification No. | Brief Description | End date |
| 1. | 113/2003- Customs dated 22nd July 2003 | Exemption to castor oil cake and castor de- oiled cake manufactured from indigenous castor oil seeds on indigenous plant and machinery by unit in SEZ and brought to DTA | 31.03.2026 |
Note: Description is indicative. Notification may be referred to for complete description.
(c) For the following standalone notification, a sunset date of 31.03.2028 is being prescribed:
| Sl. No. | Notification No. | Brief Description | End date prescribed |
| 1. | 29/2025- Customs dated 9th May, 2025 | Exemption to works of art and antiques intended for public exhibition | 31.03.2028 |
Note: Description of entries is indicative. Notification may be referred to for complete description.
(d) The following exemption entries of notification No. 36/2024-Customs are being omitted with effect from 02.02.2026 as these are redundant. The effective BCD rate would remain the same and will operate through the First Schedule of the Customs Tariff Act, 1975. The details are as under:
| Sl. No. | S. No. of notification No. 36/2024-Customs | Description |
| 1. | 5 | Copper ores and concentrates |
| 2. | 6 | Cobalt ores and concentrates |
| 3. | 7 | Tin ores and concentrates |
| 4. | 8 | Tungsten ores and concentrates |
| 5. | 9 | Molybdenum ores and concentrates |
| 6. | 10 | Zirconium ores and concentrates |
| 7. | 12 | Vanadium ores and concentrates |
| 8. | 13 | Niobium or tantalum ores and concentrates |
| 9. | 14 | Antimony ores and concentrates |
| 10. | 42 | Unwrought Tin |
| 11. | 43 | Unwrought tungsten, including bars and Rods obtained simply by sintering |
| 12. | 44 | Unwrought molybdenum, including bars and rods obtained simply by sintering |
| 13. | 45 | Unwrought tantalum, including bars and rods obtained by sintering, powders |
| 14. | 46 | Cobalt, unwrought |
| 15. | 47 | Bismuth, unwrought |
| 16. | 48 | Unwrought zirconium, powders, containing less than 1 part hafnium to 500 parts zirconium by weight |
| 17. | 49 | Unwrought antimony, powders |
| 18. | 50 | Beryllium unwrought, powders |
| 19. | 51 | Hafnium unwrought, waste and scrap, powders |
| 20. | 52 | Rhenium unwrought |
| 21. | 53 | Cadmium unwrought, Powders |
| 22. | 54 | Cadmium, wrought |
Note: Description of entries is indicative. Notification may be referred to for complete description.
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