Union Budget 2025 | New provision for importers and exporters to voluntarily declare material facts post-goods clearance

New Delhi: Finance Minister Nirmala Sitharaman on Saturday announced a new provision for importers, exporters to voluntarily declare material facts after clearance of goods.

The Union Budget 2025-26 also sets a time limit of two years, extendable by a year, for finalising provisional assessment under Customs Act, she added.

The finance minster also said the PM Dhan-Dhaanya Krishi Yojana for developing Agri Districts Programme will cover 100 districts with low productivity.

The government will reduce basic customs duty to 5 pc from 30 pc on fish pasteurii, she added.

Union Budget 2025 | Nirmala Sitharaman, as Finance Minister, presented her record 8th Union Budget this time. While inflation has burnt a hole in the pockets of 'aam janata', the Modi govt gave income tax relief for those making up to Rs 12 lakh per year in salaried income. Track the latest coverage, live news, in-depth opinions, and analysis only on Deccan Herald. Also follow us on WhatsApp, LinkedIn, X, Facebook, YouTube, and Instagram.