Finance Bill 2026-27 reduces customs duties on hundreds of tariff lines, including exemptions for cancer treatment raw materials and agricultural machinery.
According to the Finance Bill, a total relief package worth Rs 180 billion will be extended through cuts in customs duties and related charges.
The government has reduced customs duty on 92 tariff lines, including a cut from 20 percent to 15 percent and 10 percent on selected items. Officials said the move is designed to ease import costs for raw materials and support industrial growth.
In addition, additional customs duty on 449 tariff lines has been reduced from 6 percent to 4 percent, while duty on 2,107 tariff lines has been lowered from 4 percent to 2 percent, marking a broad-based rationalisation of import taxes.
The Finance Bill also sets a maximum regulatory duty rate of 20 percent on 359 tariff lines, providing a structured ceiling for future adjustments.
A significant relief has been granted to the health and agriculture sectors, with raw materials used in cancer treatment fully exempted from customs duty. Similarly, customs, additional, and regulatory duties on agricultural machinery have been completely abolished, according to the document.
Customs duty on special construction vehicles has also been reduced from 20 percent to 10 percent, aimed at lowering costs in the infrastructure sector.
Officials said the measures cover more than 7,500 raw materials, spare parts, and machinery items, reflecting a wide-ranging effort to support manufacturing, exports, and industrial competitiveness.
