Brief by Shorts91 Newsdesk / 07:24am on 01 Feb 2026,Sunday India
Union Budget 2026–27 has changed customs duties on several goods, making some items cheaper and others more expensive. Finance Minister Nirmala Sitharaman said duty cuts will lower prices of essential medicines, including 17 cancer drugs, aircraft parts, and microwave components. Electric vehicles and selected leather goods will also benefit from lower duties. The government also allowed duty-free import of certain inputs to support leather exporters facing high US tariffs. Smartphones and tablets made in India are expected to become more affordable. At the same time, customs duty hikes will raise prices of luxury watches and imported alcohol. (PC: HT)
