Budget 2020: Here is what has become cheaper & costlier

Budget 2020: Here is what has become cheaper & costlier

Sitharaman proposed to increase excise duty on cigarettes across various lengths and tobacco products.

Customs duty on footwear hiked to 35 percent from 25 percent.

Customs duty on furniture goods hiked to 25 percent.

Customs duty on specified goods used in refrigerators and AC hiked to 12.5 percent vs 10 percent.

Customs duty on auto, auto parts raised by up to 10 percent.

Customs duty on import of food processing items raised to 100 percent.

Health cess of 5 percent announced on import of medical equipment.

Increase in customs duty on wall fans from 7.5 percent to 20 percent.

Customs duty on tableware and kitchenware doubled to 20 percent.

Import tax on crude palm oil raised to 44 percent.

Customs duty on paper trays, binders, clips, staples, etc raised to 20 percent from 10 percent.

Customs duty on certain toys raised to 60 percent from 20 percent.

Following is a list of imported items that will become costlier:

• Butter ghee, butter oil, edible oils, peanut butter

• Whey, meslin, maize, sugar beet seeds, preserved potato

• Chewing gum, dietary soya fibre, isolated soya protein

• Walnuts (shelled)

• Footwear, shavers, hair clippers, hair-removing appliances

• Tableware, kitchenware, water filters, glassware

• Household articles of porcelain or china

• Rubies, emeralds, sapphires, rough coloured gemstones

• Padlocks

• Hand sieves and hand riddles

• Combs, hairpins, curling pins, curling grips, hair curlers

• Table fans, ceiling fans and pedestal fans

• Portable blowers

• Water heaters and immersion heaters

• Hair dryers, hand drying apparatus and electric irons

• Food grinders, ovens, cookers, cooking plates, boiling rings, grillers and roasters

• Coffee and tea makers and toasters

• Electro-thermic fluid heaters, devices for repelling insects and electric heating resistors

• Furniture, lamps and lighting fittings

• Toys, stationery item, artificial flowers, bells, gongs, statuettes, trophies

• Printed Circuit Board Assembly (PCBA) of cellular mobile phones, display panel and touch assembly, fingerprint readers for use in cellular mobile phones

*The government has proposed to hike the Excise duty on cigarettes, Hookah, Chewing tobacco, ..

The government has proposed to reduce the custom duty on the import of the following item

Customs duty on import of newsprint, lightweight coated paper halved to 5 percent.

Anti-dumping duty on purified terephthalic acid (PTA) done away with.

Exemption on customs duty for raw sugar.

Exemption on customs duty for agro-animal based products, tuna bait, skimmed milk.

• Pure-bred breeding horses

• Newsprint

• Sports goods

• Microphone

• Electric vehicles

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