Budget 2026 Eases Customs on Cancer Drugs, Baggage

By BPN News Desk February 1, 2026

Business Finance

New Delhi: In the Union Budget 2026-27 presented by Finance Minister Nirmala Sitharaman, the government announced customs duty exemptions on 17 key cancer drugs and medicines to lower treatment costs for patients. The budget also extended duty-free imports to medicines and food for seven

National

Delhi High Court Seeks Customs Reply in IndiGo Duty Refund Case

By BPN News Desk December 19, 2025

The Delhi High Court has asked the Central Board of Indirect Taxes and Customs (CBIC) to file a response in a plea by IndiGo seeking a refund of about ₹900 crore in re-import duties. The airline claims duties were wrongly charged when it re-imported aircraft parts and now wants a clear stance from the customs […]

Economy National

Customs Reform Will Be The Next Big Move – FM Nirmala Sitharaman

By BPN News Desk December 7, 2025

Finance Minister Nirmala Sitharaman said that simplifying customs procedures will be the government’s next major reform initiative. She made the remarks while addressing the Hindustan Times Leadership Summit. According to her, customs processes are still complex and need a complete overhaul to encourage trade and reduce delays. Focus On Transparency And Ease Of Compliance

International

India Suspends Postal Services to U.S. After Customs Rule

By BPN News Desk August 23, 2025

The Department of Posts has announced a temporary suspension of most international postal services from India to the United States effective August 25, 2025. The move follows a new U.S. customs order that eliminates the duty-free de minimis exemption on items worth up to USD 800. Starting August 29, all packages sent to the U.S. […]

International

US Tariff Revenue Surges Past $100 Billion This Year

By BPN News Desk July 12, 2025

The United States Treasury has reported a significant jump in customs revenue, with tariff collections crossing $100 billion in the first nine months of the 2025 fiscal year. This surge comes amid continued enforcement of high import duties under President Donald Trump’s trade policy agenda. June Sees Rare Budget Surplus The federal government posted a […]