{"id":1370,"date":"2026-02-16T16:43:23","date_gmt":"2026-02-16T11:13:23","guid":{"rendered":"https:\/\/vizttax.com\/insights\/?p=1370"},"modified":"2026-03-20T15:55:19","modified_gmt":"2026-03-20T10:25:19","slug":"customs-and-foreign-trade-policy-updates","status":"publish","type":"post","link":"https:\/\/vizttax.com\/insights\/customs-and-foreign-trade-policy-updates\/","title":{"rendered":"Union Budget 2026 \u2013 Customs and Foreign Trade Policy Update 2026"},"content":{"rendered":"\t\t
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Union Budget 2026 \u2013 Customs & Foreign Trade Policy Update 2026 \u2013 Key Highlights<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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The Finance Bill, 2026 introduces strategic reforms in Customs law and Foreign Trade Policy<\/strong> to enhance trade facilitation, reduce compliance burden, improve export competitiveness, and strengthen India\u2019s global trade positioning<\/strong>. These changes are aligned with the Government\u2019s broader \u201cEase of Doing Business\u201d<\/strong> and \u201cViksit Bharat\u201d<\/strong> agenda.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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PART A \u2014 CUSTOMS LAW AMENDMENTS (Finance Bill, 2026)<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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1. Extension of Customs Jurisdiction Beyond Territorial Waters<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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(Amendment to Section 1, Customs Act, 1962)<\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t

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The scope of the Customs Act has been extended to include fishing and fishing-related activities beyond India\u2019s territorial waters<\/strong> for Indian-flagged vessels.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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Impact<\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t

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  • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tExpands Customs regulatory oversight<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t
  • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tEnables duty-free import of fish harvested in international waters<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t
  • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tSupports marine exports and seafood trade<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t
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    \n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t
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    2. Definition of \u201cIndian-Flagged Fishing Vessel\u201d Introduced<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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    (Insertion of Clause 28A in Section 2)<\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t

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    A statutory definition has been inserted to ensure regulatory clarity over eligible vessels.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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    \n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t
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    3. Penalty Paid Deemed as Charge for Non-Payment of Duty<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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    (Amendment to Section 28(6))<\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t

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    Penalty paid under Section 28(5) shall now be treated as a charge equivalent to unpaid duty<\/strong>, strengthening revenue enforcement.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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    Impact<\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t

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    • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tHigher financial exposure in duty dispute cases<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t
    • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tEncourages voluntary and timely compliance<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t
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      \n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t
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      4. Extension of Validity of Advance Rulings to 5 Years<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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      (Amendment to Section 28J)<\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t

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      Advance Rulings will now remain valid for 5 years instead of 3 years<\/strong>, subject to no change in law or facts.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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      Business Benefit:<\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t

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      • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tGreater certainty in classification, valuation, and origin rulings<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t
      • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tReduced litigation and interpretational disputes<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t
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        \n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t
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        5. Duty-Free Treatment for Fish Harvested Beyond Indian Waters<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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        (New Section 56A Inserted)<\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t

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        Fish harvested by Indian-flagged vessels beyond territorial waters:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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        • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tMay be imported duty-free<\/b><\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t
        • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tMay be treated as export if landed at foreign ports<\/b><\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t
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          \n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t
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          6. Simplification of Warehouse Transfer Procedures<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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          (Substitution of Section 67)<\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t

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          Warehoused goods can now be transferred without prior approval<\/strong> of Customs officers, subject to prescribed conditions.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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          Impact:<\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t

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          • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tFaster logistics<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t
          • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tReduced procedural delays<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t
          • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tImproved supply-chain efficiency<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t
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            \n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t
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            7. Deferred Payment of Import Duty \u2014 Monthly Option<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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            Deferred Payment of Import Duty Rules, 2016<\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t

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            • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tEligible importers may now pay duty monthly instead of every 15 days.<\/b><\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t
            • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tBenefit of deferred duty payment also to be extended to \u2018manufacturer importer\u2019 till 31 March 2028.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t
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              Impact:<\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t

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              • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tImproved cash-flow management<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t
              • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tReduced working capital burden<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t
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                PART B \u2014 FOREIGN TRADE POLICY & EXPORT PROMOTION MEASURES<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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                1. Extended Export Time for Duty-Free Input Schemes<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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                Exporters in textile, footwear, and leather sectors<\/strong> now have 12 months instead of 6 months<\/strong> to complete exports under duty-free input schemes.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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                \n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t
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                2. Expansion of Duty Exemption for Export Manufacturing<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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                Duty exemption benefits extended to shoe-upper manufacturers<\/strong> and export-oriented production units.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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                \n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t
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                3. Strengthening MSME Export Competitiveness<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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                Government initiatives include:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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                • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\u20b910,000 Crore SME Growth Fund<\/b><\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t
                • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tExpanded credit access<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t
                • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tCompliance support institutions<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t
                • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tExport competitiveness programs<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t
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                  \n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t
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                  4. SEZ Export Support \u2014 Domestic Sale Concession<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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                  Eligible SEZ manufacturing units<\/strong> allowed concessional domestic tariff area sales<\/strong> to address under-utilized capacity.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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                  \n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t
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                  5. Customs Process Reforms Supporting Trade<\/h3>\t\t\t\t<\/div>\n\t\t\t\t
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                  Key trade-facilitation measures include:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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                  • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tUnified Customs Digital Platform<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t
                  • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tLonger validity of Advance Rulings<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t
                  • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tEnhanced AEO benefits<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t
                  • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tSimplified warehousing regime<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t
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                    \n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t
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                    Overall Business & Trade Impact<\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t

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                    For Importers<\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t

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                          Union Budget 2026 \u2013 Customs & Foreign Trade Policy Update 2026 \u2013 Key Highlights The Finance Bill, 2026 introduces strategic reforms in Customs law and Foreign Trade Policy to enhance trade facilitation, reduce compliance burden, improve export competitiveness, and strengthen India\u2019s global trade positioning. These changes are aligned with the Government\u2019s broader \u201cEase of Doing Business\u201d and \u201cViksit Bharat\u201d agenda. PART A \u2014 CUSTOMS LAW AMENDMENTS (Finance Bill, 2026) 1. Extension of Customs Jurisdiction Beyond Territorial Waters (Amendment to Section 1, Customs Act, 1962) The scope of the Customs Act has been extended to include fishing and fishing-related activities beyond India\u2019s territorial waters for Indian-flagged vessels. Impact Expands Customs regulatory oversight Enables duty-free import of fish harvested in international waters Supports marine exports and seafood trade 2. Definition of \u201cIndian-Flagged Fishing Vessel\u201d Introduced (Insertion of Clause 28A in Section 2) A statutory definition has been inserted to ensure regulatory clarity over eligible vessels. 3. Penalty Paid Deemed as Charge for Non-Payment of Duty (Amendment to Section 28(6)) Penalty paid under Section 28(5) shall now be treated as a charge equivalent to unpaid duty, strengthening revenue enforcement. Impact Higher financial exposure in duty dispute cases Encourages voluntary and timely compliance 4. Extension of Validity of Advance Rulings to 5 Years (Amendment to Section 28J) Advance Rulings will now remain valid for 5 years instead of 3 years, subject to no change in law or facts. Business Benefit: Greater certainty in classification, valuation, and origin rulings Reduced litigation and interpretational disputes 5. Duty-Free Treatment for Fish Harvested Beyond Indian Waters (New Section 56A Inserted) Fish harvested by Indian-flagged vessels beyond territorial waters: May be imported duty-free May be treated as export if landed at foreign ports 6. Simplification of Warehouse Transfer Procedures (Substitution of Section 67) Warehoused goods can now be transferred without prior approval of Customs officers, subject to prescribed conditions. Impact: Faster logistics Reduced procedural delays Improved supply-chain efficiency 7. Deferred Payment of Import Duty \u2014 Monthly Option Deferred Payment of Import Duty Rules, 2016 Eligible importers may now pay duty monthly instead of every 15 days. Benefit of deferred duty payment also to be extended to \u2018manufacturer importer\u2019 till 31 March 2028. Impact: Improved cash-flow management Reduced working capital burden PART B \u2014 FOREIGN TRADE POLICY & EXPORT PROMOTION MEASURES 1. Extended Export Time for Duty-Free Input Schemes Exporters in textile, footwear, and leather sectors now have 12 months instead of 6 months to complete exports under duty-free input schemes. 2. Expansion of Duty Exemption for Export Manufacturing Duty exemption benefits extended to shoe-upper manufacturers and export-oriented production units. 3. Strengthening MSME Export Competitiveness Government initiatives include: \u20b910,000 Crore SME Growth Fund Expanded credit access Compliance support institutions Export competitiveness programs 4. SEZ Export Support \u2014 Domestic Sale Concession Eligible SEZ manufacturing units allowed concessional domestic tariff area sales to address under-utilized capacity. 5. Customs Process Reforms Supporting Trade Key trade-facilitation measures include: Unified Customs Digital Platform Longer validity of Advance Rulings Enhanced AEO benefits Simplified warehousing regime Overall Business & Trade Impact For Importers Lower compliance friction Faster warehouse movement Improved cash-flow flexibility Greater tariff clarity For Exporters Extended export timelines Expanded duty-free input eligibility Improved SEZ flexibility Enhanced MSME trade support Need Expert Support on Customs, Import-Export, or Foreign Trade Compliance? We assist businesses with: Customs Classification & Duty Optimization Import-Export Compliance & FTP Advisory SEZ & Export Incentive Structuring Advance Ruling & Litigation Support End-to-End Trade Documentation & Representation Contact us today to optimize your trade cost, ensure compliance, and unlock government export benefits. Share the article: Facebook Twitter LinkedIn Reddit WhatsApp<\/p>\n","protected":false},"author":2,"featured_media":1382,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[6],"tags":[78,17,79,76,20,15,77,70],"class_list":["post-1370","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-income-tax","tag-budget-2026","tag-business-finance","tag-custom-policy","tag-foreign-trade-policy","tag-tax-governance","tag-tax-strategy","tag-union-budget","tag-union-budget-2026"],"_links":{"self":[{"href":"https:\/\/vizttax.com\/insights\/wp-json\/wp\/v2\/posts\/1370","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vizttax.com\/insights\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vizttax.com\/insights\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vizttax.com\/insights\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/vizttax.com\/insights\/wp-json\/wp\/v2\/comments?post=1370"}],"version-history":[{"count":17,"href":"https:\/\/vizttax.com\/insights\/wp-json\/wp\/v2\/posts\/1370\/revisions"}],"predecessor-version":[{"id":1654,"href":"https:\/\/vizttax.com\/insights\/wp-json\/wp\/v2\/posts\/1370\/revisions\/1654"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vizttax.com\/insights\/wp-json\/wp\/v2\/media\/1382"}],"wp:attachment":[{"href":"https:\/\/vizttax.com\/insights\/wp-json\/wp\/v2\/media?parent=1370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vizttax.com\/insights\/wp-json\/wp\/v2\/categories?post=1370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vizttax.com\/insights\/wp-json\/wp\/v2\/tags?post=1370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}