Union Budget 2026-27 Today: LIVE UPDATES

House proceedings adjourned to tomorrow.

Breaking: Interest On Motor Accident Compensation To Be Tax-Free Under Budget Proposal 

Sitharaman's address concludes.

Honest taxpayers who are willing to settle disputes by paying all their dues will be able to close cases by paying an additional amount along with all their dues.

Ease of business Utilization of non-intrusive scanning with advance imaging and AI technology for risk assessment will be expanded In a phased manner to scan every container across all Major ports

To support small businesses, artisans and startups to access global market through E-Commerce, a complete removal of the current value cap of 10 lakh per consignment on courier exports.

Customs warehouse framework will be transformed into a warehouse operated credit centric system with self declaration, electronic tracking and risk base audit in order to move away from current system of officer dependent approvals, reduce transaction delays and compliance cost

Proposal to add 7 more rare diseases for the purposes of exempting import duty on personal imports of drug medicine and food for special medical purposes used in their treatment.

To provide relief to patients especially cancer patients proposal for basic custom custom duty exemption on 17 drugs or medicines.

Proposal to exempt basic customs duty on specified parts used in the manufacture of microwave ovens.

a special one time measure to facilitated sales by eligible manufacturing units in the special economic zones to the domestic tariff at constructional rates of duty

Basic custom duty exemption on raw materials imported for the manufacture of aircraft parts to be used in maintenance repair and overall requirement by units in the defence sector