BUDGET
To extend time for final pdt exports to 12 mos for leather goods
This story was originally published at 15:33 IST on 1 February 2026
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--BUDGET: To extend time for final pdt exports to 12 mos for leather goods
MUMBAI – The Union Budget has proposed to extend the time limit for the export of final products manufactured using inputs that were imported duty-free to one year from six months. This will apply to exports of leather and textile garments, leather or synthetic footwear, and other leather products.
The Budget also raised the limit for duty-free imports of specified inputs used in seafood processing for exports to 3% of the previous year's free on board export turnover, from 1% currently. "I also propose to allow duty-free imports of specified inputs, which is currently available for exports of leather or synthetic footwear, to exports of Shoe Uppers as well," Sitharaman said.
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Reported by – Gunjan Rajput
Edited by Pankaj Aher
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