Beyond rate changes: The real indirect tax story of Union Budget 2026

With an aim to promote exports, the limit for duty-free imports of specified inputs used for processing seafood products for export has been increased from 1% to 3% of the FOB value of the previous year’s export turnover.

Beyond rate changes: The real indirect tax story of Union Budget 2026
With an aim to promote exports, the limit for duty-free imports of specified inputs used for processing seafood products for export has been increased from 1% to 3% of the FOB value of the previous year’s export turnover.