Overview
- Full basic customs duty exemption for nuclear power project imports is extended through 2035, and components for civil and defence aircraft, including engines and MRO inputs, are made duty-free.
- Basic customs duty is reduced to zero on key clean‑energy and critical‑mineral inputs, including capital goods for lithium‑ion cell manufacturing, equipment for critical mineral processing, and sodium antimonate used in solar glass.
- Export facilitation measures raise the duty‑free import limit for seafood processing inputs to 3% of FOB value and double export timelines for leather and garment items to 12 months.
- Customs processes will shift to a single interconnected digital approvals window by year‑end, with a Customs Integrated System to follow within two years, alongside new tariff items and trusted trader programs for clearer classification and faster clearance.
- Fiscal rebalancing includes higher securities transaction tax on derivatives and withdrawal of long‑standing exemptions, with the customs package framed as a calibrated response to U.S. tariff pressure.