Budget 2018: What is costlier and cheaper?

Companies with turnover of upto Rs. 250 crore to be taxed at 25 per cent.

Union Budget 2018 presented in the Parliament on Thursday in which the Narendra Modi government announced changes in excise and customs duties on certain items which are set to get costlier after the budget. As per the Budget, Customs duty on mobile phones has been increased from 15 per cent to 20 per cent.

Following imported items that will become cheaper:

• Solar tempered glass or solar tempered glass used for manufacture solar panels/modules
• Raw materials, parts or accessories used in making cochlear implants
• Select capital goods and electronics such as ball screws and linear motion guides

Following imported items will be costlier:

• Mobile phones to be costly; Custom duty on mobile phones increased to 20% from 15%
• Price increased on TVs
• Silver
• Gold
• Vegetable, fruit juices, including orange and cranberry
• Sunglasses
• Miscellaneous food preparations other than soya protein
• Perfumes and toilet waters
• Sunscreen, suntan, manicure, pedicure preparations
• Preparations for oral dental hygiene, denture fixative pastes and powders; dental floss
• Pre-shave, shaving or after-shave preparations,
• Deodorants, bath preparations, depilatories, perfumery
• Scent sprays and similar toilet sprays
• Truck and Bus radial tyres
• Silk Fabrics
• Footwear
• Coloured gemstones
• Diamonds
• Imitation jewellery
• Smart watches/wearable devices
• LCD/ LED TV panels
• Furniture
• Mattresses
• Lamps
• Wrist watches, pocket watches, clocks
• Tricycles, scooters, pedal cars, wheeled toys, dolls' carriages, dolls, toys, puzzles of all kinds
• Video game consoles
• Articles and equipment for sports or outdoor games, swimming pools and paddling pools
• Cigarette and other lighters, candles
• Kites
• edible/vegetable oils such as olive oil, groundnut oil

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