A large number of items, including cigarettes and chewing tobacco, as well as imported products, like edible oils, fans, table, footwear, electric vehicles, tableware, kitchenware, toys and furniture are set to become more expensive due to hike in taxes proposed in the Union Budget for 2020-21.
On the other hand, newsprint, sports goods, microphone will become cheaper as Finance Minister Nirmala Sitharaman proposed reduction in duties on these items in the Budget for 2020-21.
Following is a list of imported items that will become costlier following the announcements in the Budget --
Butter ghee, butter oil, edible oils, peanut butter
Whey, meslin, maize, sugar beet seeds, preserved potato
Chewing gum, dietary soya fibre, isolated soya protein
Walnuts (shelled)
Footwear, shavers, hair clippers, hair-removing appliances
Tableware, kitchenware, water filters, glassware
Household articles of porcelain or china
Rubies, emeralds, sapphires, rough coloured gemstones
Padlocks
Hand sieves and hand riddles
Combs, hairpins, curling pins, curling grips, hair curlers
Table fans, ceiling fans and pedestal fans
Portable blowers
Water heaters and immersion heaters
Hair dryers, hand drying apparatus and electric irons
Food grinders, ovens, cookers, cooking plates, boiling rings, grillers and roasters
Coffee and tea makers and toasters
Electro-thermic fluid heaters, devices for repelling insects and electric heating resistors
Furniture, lamps and lighting fittings
Toys, stationery item, artificial flowers, bells, gongs, statuettes, trophies
Printed Circuit Board Assembly (PCBA) of cellular mobile phones, display panel and touch assembly, fingerprint readers for use in cellular mobile phones
The government has proposed to reduce the custom duty on the import of the following item
Pure-bred breeding horses
Newsprint C
Sports goods
Microphone