Srinagar: Are you wondering how would the Union Budget impact you? Here’s the list of what’s become cheaper and dearer with Modi 3.0’s first Union Budget.
Here’s what’s gotten cheaper:
1.Mobile phones, mobile parts, batteries, mobile chargers
Basic customs duty is reduced on mobile phones, chargers, and accessories to 15 per cent
2.Gold, silver & platinum
The customs duty on gold, silver reduced to 6 per cent, platinum to 6.4 per cent
3.Cancer medicines, X-ray equipment
Three major cancer treatment medicines and X-ray equipment are exempted from basic customs duty
4.Fish and fish products
The customs duty on fish, broodstock, shrimp, polychaete worms, and fish feed is reduced to 5 per cent
5.Essential metals & minerals
The basic customs duty on ferro nickel, blister copper and 25 critical minerals is removed. The duty for manufacturing resistors (oxygen-free copper) has also been removed.
6.Solar panels, leather goods
The list of exempted items to manufacture solar panels has been expanded, and the customs duty on leather goods has been reduced.
Here’s what’s gotten costlier:
1. Plastic and related-goods
The government has increased customs duty on plastic products and related goods.
2.Ammonium nitrate
The customs duty on ammonium nitrate has increased to 10 per cent from 7.5 per cent
3.Telecom equipment
The government has hiked customs duty hiked from 10 per cent to 15 per cent
4.Imported garden umbrellas and laboratory chemicals.
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