As was widely expected Cigarettes are likely to get more expensive. Excise duty on cigarettes has been hiked between 11% to 72%. Cigarettes which have been damaging your health, is now likely to damage your finances.
2) Aerated drinks
Aerated drinks including the colas are likely to get costlier after a 5 per cent excise duty is imposed on aerated drinks with sugar. Once again the move is good for your health.
Ghutkas get expensive as excise duty is hiked. A Good decision keeping in mind your health.
4) Stainless steel products
Stainless steel products may get costlier as the duty on the same is increased.
1) LCDs, LEDs on TV s below 19 inches
Custom duties on the below have been reduced, what this means is that the products are likely to get cheaper.
The excise duty on footwear has been slashed to 6% from 12%. Hope companies like Bata reduce prices.
3) Colour picture tubes
We wonder if anybody is using them any longer. In any case colour picture tubes to be exempted from customs duty, would make them cheaper.
A rationalisation of duty on diamonds is likelt to benefit the jewellery sector.
The reduction of duty on fatty acid and glycerine is likely to make soap and oil products cheaper.