Budget - 20-21
Things that got costlier are cigarettes, tobacco products, medical equipments and others due to hike in taxes while the items that will become cheaper include raw sugar, agro-animal based products, tuna bait, skimmed milk, select alcoholic beverages, among others.
Expensive
- Proposal to increase Excise duty on Cigarettes across various lengths and tobacco products.
- Customs duty on footwear hiked to 35% from 25 %.
- Customs duty on furniture goods hiked to 25%.
- 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.
Cheap
- Customs duty on import of newsprint, lightweight coated paper halved to 5 percent.
- Anti-dumping duty on purified terephthalic acid (PTA) eradicated.
- Exemption on customs duty for tuna bait, skimmed milk.
- Customs duty reduced on sports goods.
- Customs duty reduced on microphones, electric vehicles.
