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Budget 2023: What’s cheaper and what’s costlier. Here is the full list
Finance Minister Nirmala Sitharaman presented the Union Budget 2023 on February 1. Find out how it impacts your expenses.
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Smartphones could become cheaper with the government’s announcement of customs duty relief for components like camera lens and lithium-ion batteries.
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Another category expected to become cheaper is televisions. The government will reduce to 2.5 percent the basic customs duty on open cells of TV panels.
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Basic customs duty on electric kitchen chimneys will be raised from 7.5 percent to 15 percent.
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The Centre has increased calamity cess on cigarettes by 16 percent, which will make them costlier.
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Imports which will be costlier: Vehicles (including electric), imitation Jewellery, electric kitchen chimneys, bicycles, toys and their components (other than parts of electronic toys). (Representational image)
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Imports that will be cheaper: Aircraft, gold (including gold plated with platinum), base metals or silver, clad with gold (in semi-manufactured form) and scrap of precious metal.
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