New Delhi: A large number of items including petrol, diesel, gold, silver, cigarettes, fully-imported cars and split air conditioners (ACs) will become more expensive due to hike in taxes, as proposed by Finance Minister Nirmala Sitharaman in the Union Budget for 2019-20.
At the same time, certain items such as electric vehicle components, camera module and charger of mobile phones and set-top boxes will become cheaper.
"Make in India is a cherished goal. In order to provide domestic industry a level-playing field, basic customs duty is being increased on items such as cashew kernels, PVC, Vinyl flooring, tiles, metal fittings, mountings for furniture, and auto parts...etc," Finance Minister said in her Budget Speech.
List of the things to be costlier:-
- Gold
- Petrol, Diesel
- ACs
- Stone Crushing Plants
- Digital Video Recorders
- Sheets, Rolls, Disks, Pods in Automobile
- Car mirrors, Rear view glass
- Locks for Motorbikes
- Oil/Air filters
- Bike Horns
- Lighting System
- Car window screen wiper
- Cigarettes and Tobacco Products
- Soaps
- Plastic floor covers
- Rubber
- Tyres
- News Print
- Magazines
- Imported Books
- Optical fiber cables
- Ceramic Tiles
- Stainless steel
- Alloy Steel Wire
- Metal furniture
- PVC pipes
List of things to be cheaper:-
- Home Loans
- Security related equipment
- Cellphone chargers
- Set top box
- Lithium batteries used in mobile phones
- Electric cars, Bikes, Charging bicycles
Read more:Budget 2019-20 at a glance
