Union Budget 2018:What will be cheaper, what will be costlier

     Written by : SMTV24x7 | Thu, Feb 01, 2018, 06:15 PM

Union Budget 2018:What will be cheaper, what will be costlier

New Delhi, Feb 01: In Union budget 2018, 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 nuts

# Select capital goods and electronics like ball screws and linear motion guides

# Solar tempered glass or solar tempered glass used for manufacture of solar cells/panels/modules

# Raw materials, parts or accessories for the manufacture of cochlear implants

Here’s a list of imported items that will become costlier:

* Cars and motorcycles

* Mobile phones

* Silver

* Gold

* Vegetable, fruit juices, including orange and cranberry

* Sunglasses

* Miscellaneous food preparations other than soya protein

* Perfumes and toilet waters

* Sunscreen, suntan, manicure, pedicure preparations

* Preparations for oral dental hygiene, denture fixative pastes, and powders; dental floss

* Pre-shave, shaving or after-shave preparations,

* Deodorants, bath preparations, depilatories, perfumery

* Scent sprays and similar toilet sprays

* Truck and Bus radial tyres

* Silk Fabrics

* Footwear

* Diamonds, Coloured gemstones, Imitation jewelry

* Smart watches/wearable devices, Wristwatches, pocket watches, clocks

* LCD/ LED TV panels,Lamps

* Furniture, Mattresses

* Tricycles, scooters, pedal cars, wheeled toys, doll carriages, dolls, toys, puzzles of all kinds

* Video game consoles

* Articles and equipment for sports or outdoor games, swimming pools and paddling pools

* Cigarette and other lighters, candles, Kites

* Edible/vegetable oils such as olive oil, groundnut oil