Customs Reforms in Budget 2026 | Trade Gets Faster & Easier скачать в хорошем качестве

Customs Reforms in Budget 2026 | Trade Gets Faster & Easier

The Union Budget 2026–27, presented on 01 February 2026, announces a major push to modernise and simplify Customs processes, aiming to reduce delays, lower compliance costs, and strengthen India’s global trade competitiveness. Key Customs Process Reforms in Budget 2026 Trust-Based Systems Duty deferral period for Tier-2 and Tier-3 Authorised Economic Operators (AEOs) increased from 15 to 30 days Same duty deferral facility extended to eligible manufacturer-importers Advance ruling validity extended from 3 to 5 years for better business certainty Faster & Automated Clearances Trusted importers to get automatic clearance on arrival for goods without compliance requirements Export cargo with electronic sealing to move directly from factory to port Regular importers with reliable supply chains to face minimal verification Warehouse Reforms Shift to a warehouse operator-centric system Self-declarations, electronic tracking and risk-based audits Reduced officer dependency and transaction delays Digital & AI Integration Rollout of Customs Integrated System (CIS) as a single, scalable digital platform Expansion of non-intrusive scanning using AI and advanced imaging Goal to scan every container at major ports Single-Window Clearance Interconnected digital single-window system for multiple government approvals Food, drugs, plant and animal product clearances to go fully digital These reforms aim to create a predictable, transparent and technology-driven customs ecosystem, supporting exporters, importers and logistics players while boosting India’s trade efficiency. #Budget2026 #UnionBudget2026 #Infrastructure #Capex #ViksitBharat #Highways #FreightCorridor #NationalWaterways #Tier2Cities #IndianEconomy ---------------------------------------------------------------------------------------------------------- News that speaks your language – Oneindia App is now live | Click on the below link to download https://play.google.com/store/apps/de... Oneindia News is a youth-driven channel that brings you stories that need your attention, are popular, informative, and entertaining. Follow and like us for thought-provoking & exclusive content... Youtube:    / @oneindia   Like us on Facebook:   / oneindianews   Follow us on Instagram:   / oneindia_en   We are there on X: https://x.com/Oneindia ~HT.410~