Atul Menon Comments on Budget 2026 Customs Duty Changes in Business Today
In an article titled “Budget 2026: Kalyan Jewellers, Titan, Senco Gold, other jewellery stocks rise up to 5%” published by Business Today, Atul Menon, shared his analysis of the customs duty reforms introduced under Union Budget 2026.
Commenting on the reduction in customs duty for personal imports, Atul stated:
“The Union Budget 2026 has taken a positive step towards reducing the customs duty burden on goods imported for personal use, with the tariff rate proposed to be reduced from 20% to 10%. This rationalisation will make routine imports simpler and more affordable for individuals. However, it is important to note that this reduction does not extend to jewellery or precious metals, which continue to attract higher duties under existing customs rules. The measure is therefore aimed at general consumer goods, reflecting a balance between facilitating personal imports and safeguarding revenue on high-value items.”
He highlighted that while the reduction offers direct relief to consumers importing general goods for personal use, the exclusion of jewellery and precious metals underscores the Government’s calibrated approach toward sensitive and high-value sectors. The reform seeks to ease compliance and reduce costs for individuals without diluting revenue safeguards in categories traditionally subject to higher duties.
The announcement forms part of the broader customs rationalisation framework under Budget 2026, aimed at simplifying tariff structures while maintaining fiscal prudence.
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