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Budget 2020: What has become cheaper and what’s more expensive

Finance Minister Nirmala Sitharaman announced an increase in customs duty on imported goods and other sectors that could pinch the pockets of masses.

Moneycontrol News | February 01, 2020 / 17:33 IST
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In her Budget 2020 speech, Finance Minister Nirmala Sitharaman announced an increase in customs duty on imported goods and other sectors that could pinch the pockets of masses. Here’s a look at what will be more expensive and what’s become cheaper.
In her Budget 2020 speech, Finance Minister Nirmala Sitharaman announced an increase in customs duty on imported goods and other sectors that could pinch the pockets of masses. Here’s a look at what will be more expensive and what’s become cheaper. (Image: Reuters)
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Excise duty has been hiked on cigarettes, tobacco products.
Excise duty has been hiked on cigarettes, tobacco products. (Image: Moneycontrol)
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A health cess has been levied on import of medical equipment.
A health cess has been levied on import of medical equipment. (Image: Reuters)
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Customs duty has been raised on imported wall fans, porcelain or ceramic tableware and kitchenware, clay iron, steel and copper to 20 percent
Customs duty has been raised on imported wall fans, porcelain or ceramic tableware and kitchenware, clay iron, steel and copper to 20 percent. (Image: Reuters)
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Snoehetta’s gradient lighting and the deep sea colours popping through the tall window makes Under’s champagne room a delightful intersection between the guests and the wild sea. The overall demeanour of the restaurant is light and airy, with the custom oak furniture warming up the place maintaining the balance between the exterior sea bed and the interior. (Image: Reuters)
Customs duty has been hiked on imported footwear and furniture.
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Customs duty has been raised on catalytic converters and parts of commercial vehicles (other than electric vehicles). Mentioned below are the things that will get cheaper.
Customs duty has been raised on catalytic converters and parts of commercial vehicles (other than electric vehicles). Mentioned below are the things that will get cheaper.
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Duty exemption has been withdrawn on certain alcoholic beverages, raw sugar, agro-animal based products, tuna bait, skimmed milk, soya fibre and soya protein
Duty exemption has been withdrawn on certain alcoholic beverages, raw sugar, agro-animal based products, tuna bait, skimmed milk, soya fibre and soya protein
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FM has halved customs duty on import of newsprint, lightweight coated paper to 5 percent.
FM has halved customs duty on import of newsprint, lightweight coated paper to 5 percent.
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Anti-dumping duty on purified terephthalic acid (PTA), used for production of high-performance multipurpose plastics, has been abolished.
Anti-dumping duty on purified terephthalic acid (PTA), used for production of high-performance multipurpose plastics, has been abolished.

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