Boeing welcomed the government's decision to remove the 7.5%-15% basic customs duty on components and parts used in the manufacture of civilian aircraft, calling it a transformative step for the sector. This move is expected to reduce manufacturing costs by 5-7% and support local players
New Delhi [India], February 3: Shyam Sunder Jindal, Promoter of BC Jindal Group, has applauded the Union Budget 2026 for its strong focus on boosting domestic manufacturing for India's clean energy ambitions.
Congress MP Manickam Tagore said Union Finance Minister has "neglected" education, minority affairs, and research and social spending and Tamil Nadu in the 2026 union budget.
Presenting the Budget, Finance Minister Nirmala Sitharaman announced a set of indirect tax measures in the Union Budget 2026-27, aimed at further simplifying the tariff structure, supporting domestic manufacturing, promoting export competitiveness, and correcting inversion in duty.
In response to the US tariffs on imports of Indian goods, Union Finance Minister Nirmala Sitharaman on Sunday proposed reducing the tariff rate on all dutiable goods imported for personal use from 20 per cent to 10 per cent.
"This budget is status quo for health concerns, with only two silver linings: customs duty exemptions on diagnostics and cancer drugs. The economy has moved from USD 3.4 trillion to USD 4 trillion," said Dr Asokan.
New Delhi [India], September 20 (ANI): The customs duty at the rate of 5 per cent shall apply on Open Cell, a key component for television manufacturing, from October 1, 2020, as the customs duty exemption given to Open Cell for a period of one year will end on September 30.