Budget 2021-22: What gets costlier and what gets cheaper
Finance Minister Nirmala Sitharaman presented the Union Budget 2021 on Monday, February 1, 2021.
Take a look at what’s costlier and what is cheaper after the finance minister’s proposals:
WHAT IS CHEAPER:
Gold
Silver. Custom duty on gold/silver to be rationalised to reduce the prices of the precious metals.
Iron and Steel melting scrap, including stainless steel scrap
Primary/Semi-finished products of non-alloy steel
Leather goods
Nylon fibre and yarn
Nylon Chips
Copper items
Insurance
Iron and Steel melting scrap
Primary/Semi-finished products of non-alloy steel
Electricity
Shoes
Agricultural equipment
Naphtha
Caprolactam
Nylon Chips
Flat products of non-alloy and alloy-steel
Raw materials used in manufacture of CRGO Steel
Components or parts, including engines, for manufacture of aircrafts by Public Sector Units of Ministry of Defence
Platinum, Pallidum
Waste & Scrap of Precious Metals
Spent Catalyst or ash containing precious metals
Precious Metal Coins
Husbandry Feed additives or pre-mixes
WHAT IS MORE EXPENSIVE:
Mobiles phones
Air-conditioners
Refrigerators
Electronics items
Power banks
Cloth
Imported raw silk
Raw Silk (not thrown) and silk yarn/yarn spun from silk waste
Denatured ethyl alcohol (ethanol) for manufacture of excisable goods
Solar inverters
Leather items
Ink cartridges and ink spray nozzle
Nylon Fibre and Yarn
Tunnel boring machines
Kabuli chana, Pulses
Urea
Plastic builder wares
Prawn Feed
Fish feed in pellet form
Flours, meals and pellets of fish, crustaceans, molluscs or other aquatic invertebrates
Maize Bran
De-oiled rice bran cake
Carbon Black
Bis-phenol A
Epichlorohydrin
Plastics Builder’s ware of plastic, not elsewhere specified or included
Polycarbonates
Wet blue chrome tanned leather, crust leather, finished leather of all kinds, including their splits and slides
Cut and Polished Cubic Zirconia
Synthetic Cut and Polished Stones
Tunnel Boring Machines
Parts and components for manufacture of Tunnel Boring Machines
Specified auto parts like ignition wiring sets, safety glass, parts of signaling equipment, etc.
Metal prodi]]ucts like Screws, Nuts, etc.
Inputs, parts or sub-parts for manufacture of specified parts of mobile phones, including: Printed Circuit Board Assembly (PCBA), Camera module, Connectors
Printed Circuit Board Assembly [PCBA] and Moulded
Plastic, for manufacture of charger or adapter
Compressor of Refrigerator/Air Conditioner
Specified insulated wires and cables
Specific parts of transformer such as Bobbins, brackets, wires, etc.
Inputs and parts of LED lights or fixtures including LED
Lamps
Solar Inverters
Solar lanterns or solar lamps
NO CHANGE in prices for these products despite duty change
Cess imposed on Petrol and Diesel. However, the good news is that prices for petrol and diesel won't change because or reduction in other duties.
Alcoholic beverages
Crude palm oil
Crude soyabean, sunflower oil
Gems
Pulses
Specified fertilisers (Urea)
Auto parts
Apples
Coal, ignite, and peat
Peas
Kabuli chana
Bengal gram/chick peas
lentil (mosur)
Cotton (not carded or combed)
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