The Union Budget 2021, which has attracted the attention of the entire country, will be presented in the Lok Sabha shortly. What relief will the common man get from the budget? Which items will be cheaper and what will become expensive? In particular, the Centre's budget will be presented at a time when India is recovering from the COVID-19 crisis. During the Corona period, the people of the country have faced many difficulties. Therefore, the entire country is also looking at the areas from which the government will make substantial provision in the budget.
The Central government may cut or hike the Customs Duty on various items like Fridges, washing machines, furniture, telecom equipment, etc.
Budget 2021 cheaper items: Customs and import duty cut on 20 itemsCentre is likely to announce changes in the existing customs duty on furniture raw material, copper scrap, telecom equipment, chemical and rubber products. As per the PTI report, customs duty on around 20 products will be cut down in the budget 2021 of which polished diamond, rubber products, leather wear, telecom equipment and carpets are some of those items.
Fridge, Washing Machine may become expensivePost-budget presentation, fridge, washing machine, cloth dryer, etc. may become expensive as the report informs that Centre is in mood to enhance customs duty on these home appliances.
Centre is likley to cut down import duty on LED bulbs and air conditioner parts.