2018 Budget Round-up: What’s Cheap, What’s Not!

New Delhi: In his last full budget before the general elections in 2019, Finance Minister Arun Jaitley raised the customs duty on items like cars and motorcycles, mobile phones, vegetable and fruit juices, and perfumes making them more expensive. At the same time, the import duty on certain items like raw cashew nuts and solar tempered glass were slashed making them available at cheaper rates.

Following is the list of imported items that will become cheaper:

Raw cashew nutsSelect capital goods and electronics like ball screws and linear motion guidesSolar tempered glass or solar tempered glass used for manufacture of solar cells/panels/modulesRaw materials, parts or accessories for the manufacture of cochlear implantsFinance Minister Arun Jaitley

The imported items that will become costlier are:

Specified parts/accessories of motor vehicles, motor cars, motor cyclesCellular mobile phonesCut and polished coloured gemstones, diamonds, imitation jewelleryVegetable and fruit juices like orange and cranberryPerfumes and toilet watersSunscreen, suntan, manicure, pedicure preparations; pre-shave, shaving or after-shave preparationsSilk FabricsFootwearWrist watches, smart watches/wearable devicesLCD/LED/OLED panels and other parts of LCD/LED/OLED TVsMiscellaneous items like candles, tapers, kites, sunglasses, cigarette and other lighters, and refined edible vegetable oils.

IANS

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