Budget 2026-27 : What Become Cheaper ? Cancer Medicines , Studying Abroad Etc ..Nirmala Sitharaman is presenting the budget. This is the ninth budget of Finance Minister Nirmala Sitharaman. Nirmala is presenting the budget 2026-27 in Parliament. She presented the data on the economic growth of the last 11 years.
Nirmala said that the country is moving forward with the goal of a developed India. She is presenting the budget for the ninth time in a row.
The budget has announced that all these items will be cheaper. 7 rare medicines, 17 cancer medicines, mobile phones, batteries, microwave ovens, solar products, clothes, EV batteries, studying abroad, shoes and leather, bio CNG gas, etc.
Essential drugs
To provide relief to patients, particularly those suffering from cancer, the Finance Minister proposed to exempt basic customs duty on 17 drugs or medicines.
Furthermore, seven rare diseases were added for the purpose of exemption from import duties on personal imports of drugs, medicines, and Food for Special Medical Purposes (FSMP) used in their treatment.
Overseas tourism packages
Overseas tour programme packages, including expenses for travel or hotel stay or boarding, lodging, or any similar or related expenditure, saw a tax collected at source (TCS) reduction from 5% on amounts aggregating up to ₹10 lakh and 20% on amounts exceeding ₹10 lakh to 2%.
Foreign education
The TCS rate for pursuing education and for medical purposes under the Liberalised Remittance Scheme (LRS) was reduced from 5% to 2%.
Some personal use imported goods
In a bid to rationalise the customs duty structure for goods imported for personal use, the tariff rate on all dutiable goods imported for personal use was reduced from 20% to 10%.
Seafood processing inputs
The Finance Minister proposed to increase the limit for duty-free imports of specified inputs used for processing seafood products for export, from the current 1% to 3% of the FOB (free on board) value of the previous year’s export turnover.
Leather or synthetic footwear inputs
“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,” the Finance Minister stated.
Biogas blended CNG
The Finance Minister proposed to exclude the entire value of biogas while calculating the Central Excise duty payable on biogas-blended CNG.
Tendu leaves
The TCS on the sale of tendu leaves was reduced from 5% to 2%.
Capital goods for critical minerals
The import of capital goods required for the processing of critical minerals in India was given a basic customs duty exemption.
Aircraft parts
The basic customs duty on components and parts required for the manufacture of civilian, training, and other aircraft.
It also proposed to exempt basic customs duty on raw materials imported for the manufacture of parts of aircraft to be used in maintenance, repair, or overhaul requirements by units in the defence sector.
Microwave parts
“To deepen value addition in the consumer electronics sector,” the FM proposed to exempt basic customs duty on specified parts used in the manufacture of microwave ovens.
Lithium-Ion Cells for Battery Energy Storage Systems
The basic customs duty (BCD) exemption given to capital goods used for manufacturing Lithium-Ion Cells for batteries was extended to those used for manufacturing Lithium-Ion Cells for battery energy storage systems.
