NEW DELHI: an outsized number of things including cigarettes and chewing tobacco along side imported products like edible oils, fans, table, footwear, electric vehicles, tableware, kitchenware, toys and furniture are set to become costlier thanks to a hike in taxes proposed within the Union allow 2020-21.
On the opposite hand, newsprint, sports goods and microphones will become cheaper as minister of finance Nirmala Sitharaman proposed a discount in duties on these things within the allow 2020-21.
Here's an inventory of imported items which will become costlier following the announcements within the Budget:
Butter ghee, butter oil, edible oils, spread
Whey, meslin, maize, sugar beet seeds, preserved potato
Chewing gum, dietary soya fibre, isolated soya protein
Footwear, shavers, hair clippers, hair-removing appliances
Tableware, kitchenware, water filters, glassware
Household articles of porcelain or china
Rubies, emeralds, sapphires, rough coloured gemstones
Hand sieves and hand riddles
Combs, hairpins, curling pins, curling grips, hair curlers
Table fans, ceiling fans and pedestal fans
Water heaters and immersion heaters
Hair 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
Printed Circuit Board Assembly (PCBA) of cellular mobile phones, display board and touch assembly, fingerprint readers to be used in cellular mobile phones
The government has proposed to hike the excise duty on cigarettes, hookah, chewing tobacco, jarda scented tobacco and tobacco extracts and essence.
The government has proposed to scale back the customs on the import of the subsequent items:
Pure-bred breeding horses