Atul Menon Comments on Customs Duty Rationalisation in Budget 2026 in Outlook Money
In an article titled “Budget 2026: Government Halves Customs Duty On Personal Imports To 10 Per Cent, Offers Big Relief To Consumers” published by Outlook Money, Atul Menon, shared his views on the customs duty reforms announced under Union Budget 2026.
Commenting on the proposal to reduce customs duty on goods imported for personal use from 20 per cent to 10 per cent, Menon stated:
“The Union Budget 2026 has taken a welcome step in easing the customs duty burden on goods imported for personal use, with the tariff rate proposed to be reduced from 20 per cent to 10 per cent. 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.”
Atul highlighted that the measure is likely to provide meaningful relief to individual consumers engaging in legitimate personal imports, while also simplifying compliance under the customs framework. At the same time, the continued higher duty structure for jewellery and precious metals reflects the Government’s calibrated approach toward sensitive and high-value categories.
The reform forms part of the broader fiscal strategy under Budget 2026 to streamline tariff structures, improve ease of compliance, and respond to evolving consumption patterns, while maintaining regulatory and revenue safeguards.
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