Budget 2026 expectations: Focus on customs facilitation

In this episode of Budget Insights, a podcast series from EY India Insights, Sandeep M Bhatnagar, Associate Partner, Indirect Tax at EY India highlights areas that Budget 2026 could focus on in indirect taxes, customs and trade policy to improve industry’s competitiveness and exports.

Key takeaways

• In Budget 2026, the government may announce measures to boost private investment.
• Regular review of duty rates and exemptions should continue.
• As India aims to be a global player, the focus may be on removing distortions like inverted duties rather than protectionism.
• Customs facilitation, simplification, speedier customs clearances supported by automation can reduce transaction costs.
• More focus is needed to remove revenue bias in adjudication and appeals.

Tune in to explore how Budget 2026 could reshape India’s indirect tax and trade landscape to drive exports and long-term growth.