Budget 2026: Import Duty on Personal Goods Halved to 10%, Benefits Travelers

• Finance Minister Nirmala Sitharaman announced a reduction in import duty on dutiable goods for personal use from 20% to 10% in the Budget 2026-27.
• This move aims to reduce the cost burden for individuals and international travelers importing items for personal consumption.
• The reduction is expected to benefit returning Indians, tourists, and overseas Indians bringing in consumer electronics, personal accessories, and other dutiable goods.
• Popular items include high-end mobiles (like iPhones), laptops, tablets, smartwatches, branded clothing, designer handbags, and footwear.
• Gen Z and millennial consumers are key drivers of demand for these international products, often purchased via global e-commerce platforms.

Why It Matters: Budget 2026 slashes import duty on personal-use goods to 10%, easing costs for travelers and boosting consumption.