Explorer

Union Budget 2018: What gets cheaper and what gets more expensive

Budget 2018: A large number of imported items including mobile handsets, cars and motorcycles, fruit juices, perfumes and footwear will become costlier.

NEW DELHI: A large number of imported items including mobile handsets, cars and motorcycles, fruit juices, perfumes and footwear will become costlier as the Finance Minister Arun Jaitley on Thursday hiked customs duties on these products in the Union Budget 2018-19. However, select items such as imported raw cashew nuts, solar tempered glass and raw materials and accessories of cochlear implants will become cheaper with the government reducing import duties on these items in Budget 2018. The following is a list of imported items that will become costlier:
  • Cars and motorcycles
  • Mobile phones
  • Silver
  • Gold
  • Vegetable, fruit juices, including orange and cranberry
  • Sunglasses
  • Miscellaneous food preparations other than soya protein
  • Perfumes and toilet waters
  • Sunscreen, suntan, manicure, pedicure preparations
  • Preparations for oral dental hygiene, denture fixative pastes and powders; dental floss
  • Pre-shave, shaving or after-shave preparations,
  • Deodorants, bath preparations, depilatories, perfumery
  • Scent sprays and similar toilet sprays
  • Truck and Bus radial tyres
  • Silk Fabrics
  • Footwear
  • Coloured gemstones
  • Diamonds
  • Imitation jewellery
  • Smart watches/wearable devices
  • LCD/ LED TV panels
  • Furniture
  • Mattresses
  • Lamps
  • Wrist watches, pocket watches, clocks
  • Tricycles, scooters, pedal cars, wheeled toys, dolls carriages, dolls, toys, puzzles of all kinds
  • Video game consoles
  • Articles and equipment for sports or outdoor games, swimming pools and paddling pools
  • Cigarette and other lighters, candles
  • Kites
  • Edible/vegetable oils such as olive oil, groundnut oil
The following is the list of imported items that will become cheaper:
  • Raw cashew nuts
  • Solar tempered glass or solar tempered glass used for manufacture solar panels/modules
  • Raw materials, parts or accessories used in making cochlear implants
  • Select capital goods and electronics such as ball screws and linear motion guides.

Top Headlines

Tata Punch EV Facelift: What We Like & What We Don't
Tata Punch EV Facelift: What We Like & What We Don't
As Bitcoin Volatility Persists, Investors Turn To Stablecoins & DeFi: What You Need To Know
As Bitcoin Volatility Persists, Investors Turn To Stablecoins & DeFi
Bloody Monday On Dalal Street; Sensex Crashes 1,000 Points Amid US-Iran Tensions, Nifty Over 1% Down
Bloody Monday On Dalal Street; Sensex Crashes 1,000 Points Amid US-Iran Tensions, Nifty Over 1% Down
Cruid Oil Price Today: Hormuz Strait Closure Raises Fears Of Global Oil Price Surge Amid Iran-Israel Tensions
Cruid Oil Price Today: Hormuz Strait Closure Raises Fears Of Global Oil Price Surge Amid Iran-Israel Tensions

Videos

Breaking News: PM Narendra Modi Addresses Media Alongside Canadian PM
Breaking News: Iran Continues Missile Attacks on Israeli Cities, Gulf Region Also Targeted
Breaking News: Protests Erupt in Srinagar, Police Use Tear Gas
Middle East Conflict Alert: Iran Strikes U.S. Bases and Israel with Missiles, Video Shows Extensive Military Arsenal
Gulf War Update: Ex-US Official Mike Flynn Claims Iran’s Interim Leader Ali Reza Arafa Killed Amid War

Photo Gallery

25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Embed widget