Customs duty cut on aircraft parts announced in Budget 2026 to reduce cost of maintenance: Boeing
Zee News
Boeing welcomed the governments decision to remove the 7.5%-15% basic customs duty on components and parts used in the manufacture of civilian aircraft, calling it a transformative step for the sector.
New Delhi: The Union Budget 2026, in a significant policy push to India's aviation manufacturing ecosystem for strong industry endorsement, removed basic customs duty (BCD) on aircraft components and parts, aiming to boost India's aviation manufacturing ecosystem and reduce import dependence.
Boeing welcomed the government's decision to remove the 7.5%-15% basic customs duty on components and parts used in the manufacture of civilian aircraft, calling it a transformative step for the sector. This move is expected to reduce manufacturing costs by 5-7% and support local players such as Hindustan Aeronautics Ltd (HAL) and MRO providers.
A Boeing official said, "By exempting basic customs duty on raw materials and components, the government has lowered entry barriers and reduced costs for manufacturers and suppliers, a long-standing industry demand and directly reduced the cost of aircraft maintenance in India."
Boeing India welcomed the move, citing reduced maintenance costs and accelerated industrial growth. "This reform strengthens the foundation for domestic production, deepens the aerospace supply chain, makes Indian Maintenance, Repair and Overhaul (MROs) more competitive with global hubs, and accelerates the Make in India vision of establishing India as a leader in aviation manufacturing and services," he added.
Boeing projects that India and South Asia will require nearly 3,300 new commercial aeroplanes over the next two decades, driven by rapid economic growth, expanding middle-class travel, and increasing connectivity.
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Boeing welcomed the governments decision to remove the 7.5%-15% basic customs duty on components and parts used in the manufacture of civilian aircraft, calling it a transformative step for the sector.
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