Here's What Gets Cheap After Your Budget, and What Will Soon Cost More

A large number of commonly used items including headphones, earphones, loudspeakers, smart meters, imitation jewellery, solar cells and solar modules have increased due to the hike in customs duty on imported parts announced by Finance Minister Nirmala Sitharaman in her fourth budget.

The government proposed to increase basic customs duty (BCD) on imports of commonly used items including headphones and earphones, loudspeakers, smart meters, imitation jewellery, solar cells, solar modules, to boost domestic manufacturing.

However, imported cut and polished diamonds, frozen mussels, frozen squid, asafoetida, cocoa beans, methyl alcohol and acetic acid will become cheaper as a result of customs rationalization.

Following is a list of imported items that will become costlier:
• Umbrella
• Imitation Jewellery
• Single or multiple loudspeakers
• Headphones and earphones
• Smart meters
• Solar cells
• Solar modules
• X-ray machines
• Parts of electronic toys

However, certain goods will become cheaper as the government has slashed the customs duty and they are:-
• Frozen mussels
• Frozen squids
• Asafoetida
• Cocoa beans
• Methyl alcohol
• Acetic acid
• Cut and polished diamonds
• Camera lens for cellular mobile phone

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Here's What Gets Cheap After Your Budget, and What Will Soon Cost More

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