Budget 2020: Here’s What Will Cost You More & Less

New Delhi: Finance Minister Nirmala Sitharaman unveiled the Union Budget 2020 on Saturday. Here is the list of things that have become cheaper and expensive:

Costlier:

• Excise duty hike on cigarettes and tobacco products
• Customs duty on imported footwear and furniture increased
• Health cess on import of medical equipment
• Customs duty on wall fans increased from 7.5 per cent to 20 per cent
• Customs duty on tableware/kitchenware made of porcelain or China ceramic, clay iron, steel, copper doubled to 20 per cent
• Mobile phones
• Commercial vehicle parts, except electric vehicles

Cheaper:

• Customs duty halved on import of newsprint, light-weight coated paper to 5 per cent
• Anti-dumping duty on purified terephthalic acid (PTA) removed
• Customs duty removed on raw sugar, agro-animal based products, Tuna bait, skimmed milk, certain alcoholic beverages, soya fibre, soya protein, etc.