New Delhi: Health emerged as the topmost priority for the Narendra Modi government as Finance Minister Nirmala Sitharaman proposed more than doubling of healthcare spending in the Union Budget she presented on Monday.
At the same time, the Budget proposed imposing a new agri cess on certain imported goods and raising customs duty on items ranging from cotton to electronics in a bid to pull the economy out of the trough.
As a result of the proposed hike in customs duty on imported parts, a large number of commonly used items such as refrigerators, air conditioners, LED lights and mobile phones are set to become more expensive.
On the other hand, the proposed rationalisation in customs duty on imports of precious metals, gold and silver will become cheaper, news agency PTI reported.
These Goods Will Be Costlier
Compressors for refrigerators and air conditioners
LED lamps, parts and spares such as printed circuit board
Raw silk and cotton,
Solar invertors and lanterns
Automobile parts such as safety and toughened glasses
Windscreen wipers
Signalling equipment
Mobile phone parts like PCBA
Camera module
Connectors
Back cover, side keys, Mobile phone charger components
Inputs or raw materials of Lithium-ion battery
Ink cartridges and ink spray nozzle
Finished leather products
Nylon Fibre and Yarn, Plastic builder wares
Cut and polished synthetic stones, including cut and polished cubic zirconia
These Items Will Be Cheaper
Gold and gold dore
Silver and silver dore
Other precious metals like platinum and palladium
Medical devices imported by international organisation and diplomatic missions.
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