Continuing the trend set by his many predecessors, Finance Minister Arun Jaitley today came down heavily on smokers and tobacco consumers with a steep increase in excise rate in tax proposals in Budget 2015-16.
While increase in service tax rate to 14 per cent would make a whole lot of things more expensive, he spared the common man from price hikes on many commonly used day-to-day items by keeping the duties unchanged.
Following is a list of what will be cheaper and costlier:
EXPENSIVE
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Cigarettes and other tobacco products
Completely built imported commercial vehicles
Cement
Aerated, flavoured drinks and packaged water
Plastic bags and sacks
Business and executive class air travel
Visit to amusement and theme park
Music concerts
Liquor, chit fund and lottery
CHEAPER
Leather footwear priced above Rs 1,000 per pair
Locally made mobile phones, LED/LCD panels, LED lights and LED Lamps
Solar Water heater
Pacemakers, ambulance and ambulance services
Agarbattis
Microwave ovens
Refrigerator compressors
Peanut butter, packaged fruits and vegetables
Visit to museum, zoo and national park.