Delhi: The budget session has started and today Finance Minister Nirmala Sitharaman presented the budget for the financial year 2023-24 (Union Budget 2023). In view of the global recession, many companies have started laying off as a precautionary measure. Meanwhile, Finance Minister Sitharaman has increased and reduced tax on goods. Let us know what will be cheap and expensive…
What happened expensive…
- A country kitchen chimney is expensive.
- Gold, silver, platinum coming from abroad is expensive.
- Cigarettes are expensive. Emergency tax on cigarettes has now been increased by 16 percent.
What happened cheap…
- Some mobile phones, camera lenses have become cheaper.
- Electric vehicles have become cheaper.
- Things related to LED TV, biogas have become cheaper.
- Toys, cycles, vehicles will become cheaper.
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Customs duty rate 13%
Basic customs duty rates on non-agriculture and textile items have been reduced from 21% to 13%. Minor changes have been made in basic customs duty, cess and surcharge on certain items including toys, cycles, vehicles. Custom duty on cigarettes has been increased.
