Union Budget 2021: What gets costlier and what’s cheaper – Check full list

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February 1, 2021 4:57 PM

Budget 2021 Live from Parliament, Union Budget 2021-22 Live Updates: A large number of commonly used items, including refrigerators, air conditioners, LED lights and mobile phones, will become more expensive due to hike in customs duty on imported parts, as proposed by Finance Minister Nirmala Sitharaman in the Union Budget for 2021-22.

Union Budget 2021, Budget 2021Gold and silver will become cheaper as a result of rationalisation in customs duty on imports of these precious metals.

Budget 2021 Announcements, Union Budget 2021 Announcements, Budget 2021 News: A large number of commonly used items, including refrigerators, air conditioners, LED lights and mobile phones, will become more expensive due to hike in customs duty on imported parts, as proposed by Finance Minister Nirmala Sitharaman in the Union Budget for 2021-22. However, gold and silver will become cheaper as a result of rationalisation in customs duty on imports of these precious metals.

Following is a list of imported items that will become costlier:

-Compressors for refrigerators and air conditioners,
-LED lamps, parts and spares such as printed circuit board,
-Raw silk and cotton,
-Solar invertors and lanterns,
-Automobile parts such as safety and toughened glasses, windscreen wipers, signalling equipment,
-Mobile phone parts like PCBA, camera module, connectors, back cover, side keys,
-Mobile phone charger components,
-Inputs or raw materials of Lithium-ion battery,
-Ink cartridges and ink spray nozzle,
-Finished leather products,
-Nylon Fibre and Yarn,
-Plastic builder wares,
-Cut and polished synthetic stones, including cut and polished cubic zirconia,

Also read| Check Union Budget 2021 Live Updates here: 

List of imported items goods that will become cheaper

-Gold and gold dore,
-Silver and silver dore,
-Other precious metals like platinum and palladium,
-Medical devices imported by international organisation and diplomatic missions.

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