Union Budget 2023: Full list of what is costlier, what is cheaper

New Delhi, Feb 01: Finance Minister Nirmala Sitharaman presented her fifth Budget 2023, which aims to keep India as the world's fastest-growing economy.

Following are the items that will become costlier or cheaper after customs duty changes post Union Budget 2023-24. However, many things will cost less as customs duties on several items have been reduced. Look at the products/items that will cost more and less.

As a result, there are minor changes in the basic custom duties, cesses & surcharges on some items including toys, bicycles, and automobiles.

What is cheaper, what is costlier?

CHEAPER

• Chimneys' heat coil
• Parts of open cells of TV panels
• Import of certain inputs for mobile phone manufacturing
• Govt to reduce customs duty on shrimp feed to promote exports
• Fish lipid oil used in manufacturing aquatic feed
• Raw materials for manufacture of CRGO Steel, ferrous scrap and nickel cathode
• Seeds used in manufacturing of lab-grown diamonds.
• Govt to reduce customs duty on shrimp feed to promote exports
• Denatured Ethyl alcohol
• Lithium batteries
• Electric vehicle
• Mobile Phones
• Camera lenses for phones, laptops, and DSLRs
• Toys and part of toys
• Bicycles
• Cars
• Acid grade fluorspar

COSTLIER

• Gold, Silver and Diamonds
• Platinum items
• Gold bars
• Imitation jewellery
• Cigarette: Government has proposed a 16% hike in the duty.
• Kitchen electric chimney
• Compounded rubber
• Copper scrap