I propose to increase the limit for duty-free... ... Union Budget 2026: New I-T Act to Come Into Force from April 1

I propose to increase the limit for duty-free imports of specified inputs used for processing sea foods for export from the current 1% to 3% of FOB value of the previous year's export turnover. I also propose to allow duty-free imports of specified inputs which is currently available for exports of leather or synthetic footwear to exports of shoe uppers as well: FM