Key Highlights
- 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%.
- The Global Trade Research Initiative report says that the Budget, though country-neutral, improves market access prospects for U. S.
