What’s cheaper, what’s dearer after Arun Jaitley's Budget?
11:11 pmWhat’s cheaper, what’s dearer after Arun Jaitley's Budget?
Check out the list of items getting cheaper and costlier for you post Budget 2016 announced by Finance Minister Arun Jaitley.
Water pumps: Cheaper
Budget proposal Excise duty on electric motor, shafts, sleeve, chamber, impeller, washer required for the manufacture of centrifugal pump being reduced to 6%.
Travel by ropeway, cable car or aerial tramway: Cheaper
Budget proposal exemption to the services of transport of passengers, by ropeway, cable car or aerial tramway being withdrawn from 14 percent.
Solar Lamp : Cheaper
Exempt from excise duty from 12.5%
Paper: Cheaper
Basic customs duty on wood in chips or particles for manufacture of paper, paperboard and news print being reduced.
Set top box: Cheaper
Parts and components, subparts for manufacture of Routers, broadband Modems, Set-top boxes for gaining access to internet, set top boxes for TV,digital video recorder (DVR)/network video recorde (NVR), CCTVcamera/IP camera, lithium ion battery.
Microwaves : Cheaper
Nil basic customs duty being extended on magnetron of capacity of 1 KW to 1.5 KW for use in manufacture of domestic microwave ovens.
Branded Clothes : Costlier
Excise duty on branded readymade garment and made up articles of textiles of retail sale price of Rs 1000 or more being changed.
Footwear: Costlier
LCD/LED/OLED Panels: Cheaper
Jewellery: Costlier
Basic Customs Duty (BCD) imitation jewellery being increased to 15% from 10%.
Cigarettes
Costly: Average excise duty be hiked above 15%
Restaurants
Costly
Autos
Costly
Gold jewellery
Costly
LCD/LED/OLED Panels
Cheaper
Bottled/Mineral Water
Costly
Clothes
Costly
Excise duty on branded readymade garment and made up articles of textiles of retail sale price of Rs 1000 or more being changed.
Footwear
Costly
Microwaves
Cheaper
Set top box
Cheap
Parts and components, subparts for manufacture of Routers, broadband Modems, Set-top boxes for gaining access to internet, set top boxes for TV,digital video recorder (DVR)/network video recorde (NVR), CCTVcamera/IP camera, lithium ion battery.
Solar Lamp
Cheaper
Exempt from excise duty from 12.5%
Water pumps
Cheaper
Budget proposal Excise duty on electric motor, shafts, sleeve, chamber, impeller, washer required for the manufacture of centrifugal pump being reduced to 6%.
Travel by ropeway, cable car or aerial tramway
Cheaper
Budget proposal Exemption to the services of transport of passengers, by ropeway, cable car or aerial tramway being withdrawn from 14 percent.
Source : moneycontrol.com
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