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ARTICLE · 04 FEBRUARY 2026

Union Budget 2026 - Indirect Tax Proposals

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The application of the Customs Act, 1962 is proposed to be extended to international waters/ high seas for the purposes of fishing and fishing related activities by an Indian-flagged fishing vessel.

IndiaTax
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Proposed Customs legislative changes

Extension of the Customs Act, 1962 to fishing activities in international waters

The application of the Customs Act, 1962 is proposed to be extended to international waters/ high seas for the purposes of fishing and fishing related activities by an Indian-flagged fishing vessel. No customs duties will be levied on such fish harvested by an Indian-flagged fishing vessel. Further, such fish harvested which land at a foreign port will be treated as an export from India.

[Ref: Clauses 129, 130 and 133 of the Bill]

Comments:

The Central Government vide the Sustainable Harnessing of Fisheries in the Exclusive Economic Zone Rules, 2025 notified under the Territorial Waters, Continental Shelf, Exclusive Economic Zone and Other Maritime Zones Act, 1976 has declared fish harvested in the Exclusive Economic Zone as being of Indian origin. Now, by exercising rights under Article 87 of the United Nations Convention on the Law of

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