FM Proposes Duty-Free Imports for Leather Exports, Boosts Archaeology & Assistive Devices
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CNBC TV18•01-02-2026, 13:13
FM Proposes Duty-Free Imports for Leather Exports, Boosts Archaeology & Assistive Devices
- •Finance Minister Nirmala Sitharaman proposed duty-free imports of specific inputs for the leather export sector.
- •The move aims to support leather exporters facing high US tariffs and boost the country's leather product shipments.
- •The time period for exporting final leather and textile garment products has been extended from six months to one year.
- •Parts for manufacturing microwave ovens are now exempt from basic customs duty.
- •Additionally, 15 archaeological sites, including Lothal and Dholavira, will be developed, and Artificial Limbs Manufacturing Corporation of India will receive support to scale production of assistive devices.
Why It Matters: FM announces duty-free imports for leather exports, extends export timelines, and supports heritage and healthcare.
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