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India’s 2026-27 budget boosts seafood exports with higher duty-free limits, new digital clearance, and tax breaks on key medicines.
India’s 2026-27 Union Budget introduces major reforms for seafood exporters, raising the duty-free import limit for processing inputs to 3% of FOB value and exempting Indian vessels from duty on fish caught in the Exclusive Economic Zone or on the high seas, with landings at foreign ports treated as exports.
A new Customs Integrated System will streamline clearance through a single digital platform by April 2026, while the Rs 10 lakh courier export cap is removed to boost small businesses.
Duty waivers on 17 cancer drugs and seven rare disease treatments, along with a new NIMHANS in North India, are also part of the plan.
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El presupuesto 2026-27 de la India impulsa las exportaciones de mariscos con mayores límites libres de impuestos, nueva liquidación digital y exenciones fiscales en medicamentos clave.