Sukrit R Kapoor Comments on Budget 2026 Customs Duty Reforms in Business Standard 

In an article titled “Shopping abroad or online? Budget 2026 cuts customs duty burden by half” published by Business Standard, Sukrit R Kapoor shared his expert analysis on the customs duty rationalisation measures introduced under Budget 2026. 

Commenting on the proposal to reduce customs duty on certain personal imports, he stated: 

“From an impact perspective, the measure is expected to provide direct cost relief to consumers, encourage legitimate personal imports, and simplify tariff administration, while also potentially increasing import volumes to partially offset revenue implications. At the same time, the reduced duty may intensify competitive pressure on domestic manufacturers of similar consumer goods, requiring careful calibration of future tariff policy. Overall, the proposal reflects the Government’s broader intent to modernise India’s customs framework, align it with global trade practices, and respond to evolving consumption patterns without compromising regulatory oversight.” 

Sukrit emphasised that the reform signals a structural shift in India’s customs approach balancing consumer interests with domestic industry concerns. While the move is expected to streamline compliance and reduce transaction costs for individuals purchasing goods abroad or through cross-border e-commerce platforms, it also underscores the need for calibrated trade safeguards to protect domestic manufacturing competitiveness. 

The measure forms part of the Government’s broader customs modernisation agenda aimed at simplifying tariff structures and aligning India’s trade framework with evolving global standards. 

For the full article, read more on Business Standard’s website: https://www.business-standard.com/budget/news/shopping-abroad-or-online-budget-2026-cuts-customs-duty-burden-by-half-126020100357_1.html