Union Budget: What Will Cost You More, What Will Be Cheaper

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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