Skip to content
  • Facebook
  • X
  • Linkedin
  • WhatsApp
  • YouTube
  • Associate Journalism
  • About Us
  • Privacy Policy
  • 033-46046046
  • editor@artifex.news
Artifex.News

Artifex.News

Stay Connected. Stay Informed.

  • Breaking News
  • World
  • Nation
  • Sports
  • Business
  • Science
  • Entertainment
  • Lifestyle
  • Toggle search form
  • The Nobel Prize 2024: an interactive guide
    The Nobel Prize 2024: an interactive guide Science
  • Access Denied
    Access Denied Nation
  • NASA overhauls Artemis moon programme with new docking test mission
    NASA overhauls Artemis moon programme with new docking test mission World
  • Access Denied World
  • MDH Faced US Rejections Before Being Suspended In Hong Kong: Report
    MDH Faced US Rejections Before Being Suspended In Hong Kong: Report Nation
  • Is the U.S. shooting itself in the foot by pushing out STEM talent?
    Is the U.S. shooting itself in the foot by pushing out STEM talent? World
  • We pick a squad we feel is the best for that wicket: India bowling coach Paras Mhambrey
    We pick a squad we feel is the best for that wicket: India bowling coach Paras Mhambrey Sports
  • Access Denied
    Access Denied Nation
Union Budget 2026: Soaps, detergents, umbrellas likely to turn expensive; customs processes to be simplified

Union Budget 2026: Soaps, detergents, umbrellas likely to turn expensive; customs processes to be simplified

Posted on February 1, 2026 By admin


Duties on umbrella parts, trimmings, and accessories will go up to 20% from 11%, or ₹25 per kg, raising the cost for domestic assemblers using imported inputs.
| Photo Credit: Getty Images/iStockphotos

 

The Union Budget has removed Basic Customs Duty on quite a range of products but also raised the duty on some. It also envisions simplification of the Customs procedures, moving into “Trust based systems” for ease of doing business.

Also read | Union Budget 2026 LIVE

The basic customs duty on potassium hydroxide will go up to 7.5 % from nil, increasing input costs for industries such as chemicals, soaps, detergents, and batteries unless there is adequate domestic availability. The duty on umbrellas (other than garden umbrellas) has been revised from a flat 20% to 20% or ₹60 per piece, whichever is higher, in a move to curb low-priced imports.

Duties on umbrella parts, trimmings, and accessories will go up to 20% from 11%, or ₹25 per kg, whichever is higher, raising the cost for domestic assemblers using imported inputs.

All dutiable goods imported for personal use will see a reduction of duty from 20% to 10%. For chewing tobacco and Jarda-scented tobacco, the National Calamity Contingent Duty will be increased to 60% from 25% from May 1. However, effective duty rate on these products will remain unchanged.

The Global Trade Research Initiative report says that the Budget, though country-neutral, improves market access prospects for U.S. exporters across several high-value sectors.

The Finance Minister Nirmala Sitharaman has also proposed to increase the limit for duty-free import of specified inputs used for processing seafood products for export, from the current 1 % to 3 % of the FOB value of the previous year’s export turnover.

The Minister also said that duty-free imports will be allowed of specified inputs (which is currently available for exports of leather or synthetic footwear) for export of shoe uppers too. The time period for export of final product under the Advance Authorisation scheme has been extended to one year from six months for export of leather or textile garments, leather or synthetic footwear and other leather products.

For better use of capacities of manufacturing units in Special Economic Zones that are hit by global trade disruptions, there will be a one time measure of concessional duty to facilitate sales to sell in the Domestic Tariff Area limited to a prescribed proportion of their exports. Measures will be taken to ensure that the units in the domestic tariff area will not be affected.

Customs Integrated System and cargo clearance

For ease of doing business, approvals required for cargo clearance from various Government agencies will be seamlessly processed through a single and interconnected digital window by the end of the financial year. Processes involved in clearance of food, drugs, plant, animal and wild life products, accounting for around 70% of interdicted cargo, will be operationalised on this system by April this year.

The duty deferral period for tier-two and tier-three Authorised Economic Operators will be increased to 30 days and eligible manufacturer-importers will also get the duty deferral facility. The validity period of advance ruling, binding on Customs, will be increased from the present three years to five years.

Regular importers with trusted long-standing supply chains will be recognised in the risk system, so that the need for verification of their cargo can be minimised. Export cargo using electronic sealing will be provided through clearance from the factory to the ship.

For import of goods that do not require any compliance, filing of bill of entry by a trusted importer, and arrival of goods will automatically notify Customs for completing their clearance formalities. The Customs warehousing framework will be transformed into a warehouse operator-centric system with self-declarations, electronic tracking, and risk-based audit.

Customs Integrated System will be rolled out in two years as a single, integrated and scalable platform for all the customs processes.

To support aspirations of India’s small businesses, artisans and start-ups to access global markets through e-commerce, the current value cap of ₹10 lakh per consignment on courier exports will be removed. Handling of rejected and returned consignments will be improved with effective use of technology for identifying such consignments.

Published – February 01, 2026 05:16 pm IST



Source link

Business Tags:budget 2026, Budget 2026 announcements, budget changes in customs duties, imported umbrellas cost budget, Nirmala Sitharaman budget, union budget 2026-27

Post navigation

Previous Post: Union Budget 2026: Kerala finds barely a mention; leaders across spectrum, except BJP, flay neglect
Next Post: New Income Tax Act will come into effect on April 1, 2026: FM Sitharaman

Related Posts

  • Telco Trims Net Loss, ARPU Rises 3% Business
  • Budget 2024, Industry Reactions LIVE: Business
  • 40% Air India seats repaired since Tata take-over
    40% Air India seats repaired since Tata take-over Business
  • Farmers struggle to dry harvested cotton and fear drop in price
    Farmers struggle to dry harvested cotton and fear drop in price Business
  • Rupee falls 4 paise to 83.12 against U.S. dollar in early trade
    Rupee falls 4 paise to 83.12 against U.S. dollar in early trade Business
  • Reliance hands over documents in bribery probe, executive gets bail
    Reliance hands over documents in bribery probe, executive gets bail Business

More Related Articles

GST collections show 7.7% growth, slowest increase since July 2021 GST collections show 7.7% growth, slowest increase since July 2021 Business
Rupee rises 5 paise to 83.22 against US dollar in early trade Rupee rises 5 paise to 83.22 against US dollar in early trade Business
India cuts Russian oil imports by 38% in October 2025, sharpest fall so far India cuts Russian oil imports by 38% in October 2025, sharpest fall so far Business
Zomato, HDFC Pension introduce National Pension System model for delivery partners Zomato, HDFC Pension introduce National Pension System model for delivery partners Business
Telcos monthly average revenue per user climbs 8% to ₹157.45 in Jun quarter: TRAI Telcos monthly average revenue per user climbs 8% to ₹157.45 in Jun quarter: TRAI Business
Budget 2026 moots several proposals to rejuvenate indigenous shipping Budget 2026 moots several proposals to rejuvenate indigenous shipping Business
SiteLock

Archives

  • May 2026
  • April 2026
  • March 2026
  • February 2026
  • January 2026
  • December 2025
  • November 2025
  • October 2025
  • September 2025
  • August 2025
  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022

Categories

  • Business
  • Nation
  • Science
  • Sports
  • World

Recent Posts

  • U.S. authorities cancel cruise ship worker visas as part of child sexual abuse images case
  • Cricket gives special dimension to India-Trinidad and Tobago ties: Jaishankar
  • Thirst aids for strays – The Hindu
  • Health activists demand stringent action on death of two women in Kota
  • Govt. will bear additional Haj costs, minority degree colleges in all districts: CM Revanth

Recent Comments

  1. Alvinadubs on UP Teacher Who Asked Students To Slap Muslim Classmate
  2. CharlesVOX on UP Teacher Who Asked Students To Slap Muslim Classmate
  3. Robertgop on UP Teacher Who Asked Students To Slap Muslim Classmate
  4. ShaneElden on UP Teacher Who Asked Students To Slap Muslim Classmate
  5. DonaldGlymn on UP Teacher Who Asked Students To Slap Muslim Classmate
  • Left parties to go it alone, CPI (M) releases list of constituencies where it will field its nominees
    Left parties to go it alone, CPI (M) releases list of constituencies where it will field its nominees Nation
  • England vs West Indies 2nd Test Day 3: Live Score Updates
    England vs West Indies 2nd Test Day 3: Live Score Updates Sports
  • Trump’s H-1B fee hike: Types of U.S. work visas for Indians
    Trump’s H-1B fee hike: Types of U.S. work visas for Indians World
  • Access Denied
    Access Denied Nation
  • Surviving in India’s salt desert
    Surviving in India’s salt desert Science
  • Government Appoints Rama Mohan Rao Amara As SBI Managing Director
    Government Appoints Rama Mohan Rao Amara As SBI Managing Director Nation
  • Surat Diamond Company Announces 10-Day Vacation For Employees. Here’s Why
    Surat Diamond Company Announces 10-Day Vacation For Employees. Here’s Why Nation
  • Access Denied Sports

Editor-in-Chief:
Mohammad Ariff,
MSW, MAJMC, BSW, DTL, CTS, CNM, CCR, CAL, RSL, ASOC.
editor@artifex.news

Associate Editors:
1. Zenellis R. Tuba,
zenelis@artifex.news
2. Haris Daniyel
daniyel@artifex.news

Photograher:
Rohan Das
rohan@artifex.news

Artifex.News offers Online Paid Internships to college students from India and Abroad. Interns will get a PRESS CARD and other online offers.
Send your CV (Subjectline: Paid Internship) to internship@artifex.news

Links:
Associate Journalism
About Us
Privacy Policy

News Links:
Breaking News
World
Nation
Sports
Business
Entertainment
Lifestyle

Registered Office:
72/A, Elliot Road, Kolkata - 700016
Tel: 033-22277777, 033-22172217
Email: office@artifex.news

Editorial Office / News Desk:
No. 13, Mezzanine Floor, Esplanade Metro Rail Station,
12 J. L. Nehru Road, Kolkata - 700069.
(Entry from Gate No. 5)
Tel: 033-46011099, 033-46046046
Email: editor@artifex.news

Copyright © 2023 Artifex.News Newsportal designed by Artifex Infotech.