Budget 2020: What Gets Cheaper And Expensive

Budget 2020 that spanned almost 2.5 hours is said to be pro-middle class with primarily relief on the personal tax front with a rejig in tax slab as well as tax rate. In her second budget, FM stressing on leaving more income with indivuals and at the same time increasing their purchasing power. There shall be a number of items which will get expensive or cheaper due to a cut or increase in tax. Here is the list:

Items that become expensive

Cigarette and tobacco due to increase in excise duty

Footwear and furniture as customs duty increased on their import

Medical equipment- health cess on import increased

Wall fans, ceiling fans or pedestal fans as customs duty increased to 20% fro 7.5%

Kitchenware or tableware made from porcelain or China ceramic, steel, copper, clay iron as customs duty doubled to 20%

Small appliances

Goods used in refrigerators and ACs

Combs, curling pins, hair curlers, curling grips, hair pins

Water filters, glass ware

Rubies, sapphire, emerald, rough coloured gemstones

Butter, ghee, peanut butter, edible oil

Whey, muslin, maize, preserved potato

Chewing gum, dietary soya fibre, isolated soya protein

shelled walnuts

hand sieves, hand riddles

padlocks

Water heaters and immersion heatersair 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

Items turned cheaper after Budget 2020

Newsprint, light weighted coated paper

Raw sugar, agro-animal based products, Tuna bait, skimmed milk, certain alcoholic beverages, soya fibre, soya protein

Some of the alcoholic beverages

PTA or on purified terephthalic acid as anti dumping duty abolished on it

Electric vehicles

microphone

sports goods

GoodReturns.in