Srinagar: Are you wondering how the Union Budget would 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.
(This story is not edited by Press Exclusive)
