Union Budget 2022: Here's what has become cheaper and what's dearer!
Zee News
While customs and duty on some goods have been slashed after the Budget announcement, some goods will get expensive.
New Delhi: Finance Minister Nirmala Sitharaman while presenting the Union Budget for 2022-23 made a slew of announcements on duty and customs. While some goods will become cheaper after the Budget announcement, some will get expensive.
1. The government on Tuesday proposed to increase the basic customs duty (BCD) on import of commonly used items, including headphones and earphones, loudspeakers, smart meters, imitation jewellery, solar cells, solar modules to promote domestic manufacturing in the in the Union Budget for 2022-23. (Also read: Union Budget 2022: Five key taxation points that impacts the common man, salaried class)
2. Imported cut and polished diamonds, frozen mussels, frozen squids, asafoetida, cocoa beans, methyl alcohol and acetic acid will become cheaper as a result of rationalisation in customs duties. (Also read: Union Budget 2022: No change in Income Tax slabs, revised ITR filing window now open for 2 years from AY)