From headphones, umbrellas, imitation jewelry, to cocoa beans, and lower and polished diamonds, costs of varied commodities will see an increase or dip following Finance Minister Nirmala Sitharaman’s Budget on Tuesday.
While imported objects, together with umbrellas and unblended gasoline will see an increase in costs from April when the Budget comes into impact, chargers and cameras for telephones, wearable tech like smartwatches, listening to aids, gems and diamonds, farming instruments and sensible meters, metal Scraps and chemical compounds for petroleum refining will get cheaper.
“Electronic manufacturing has been growing rapidly and customs duty rates are being calibrated to provide a graded rate structure to facilitate local manufacturing of wearable devices, hearable devices, and electronic smart meters,” the Finance Minister had mentioned in her speech.
Following is a listing of imported objects that may change into costlier
- Umbrella
- Imitation Jewelery
- Single or a number of loudspeakers
- Headphones and earphones
- Smart meters
- photo voltaic cells
- Solar modules
- X-ray machines
- Parts of digital toys
However, sure items will change into cheaper as the federal government has slashed the customs responsibility and they’re:
- Frozen mussels
- Frozen squids
- asafoetida
- Cocoa beans
- Methyl alcohol
- acetic acid
- Cut and polished diamonds
- Camera lens for mobile cell phone.
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With inputs from TheIndianEXPRESS
