Union Budget 2026 has redrawn the fine print on customs duties, quietly reshaping what Indians pay for everything from overseas shopping splurges and gaming consoles to cancer medicines and senior-care products. While some measures make high-value imports and essential items cheaper, others add incremental costs that consumers will feel over time. Here is a closer look, point by point, at what changes at the checkout counter. 1. Shopping sprees abroad will leave consumers' wallets a little lighter, with the effective customs duty on goods imported for personal use inching up from 10% to 11%. The increase may look modest, but on high-ticket luxury items the impact is visible. For instance, gifting an OMEGA Speedmaster Moonwatch Chrono for Valentine’s Day could now cost roughly Rs 8,000 more, compared with the earlier cost of about Rs 8.04 lakh.