Mumbai - The government may rework and simplify customs duties and procedures in select sectors in the Union budget for FY26 to make it attractive for manufacturers of finished goods to also produce components or semi-finished goods, according to two people familiar with the matter. The proposed measures are also expected to ease trade and make exports competitive.

Calibrating customs tariffs to improve the viability of investments in finished products and the intermediate stages of production will encourage backward integration of facilities, one person said.

The duty revisions could be made in the . . .