Finance Minister Nirmala Sitharaman has announced the budget for the upcoming fiscal starting April 1, 2020. Though budget brought joy to some sections, it has not really lived up to the expectations of the common man or market investors.
Adding to the common's man woes is additional customs duty on some products which will cost more now. On the contrary, customs duty on two components has been decreased.
Customers may now have to pay more for stuff like imported footwear, furniture and even medical services. People will also pay more for a few alcoholic beverages and tobacco as customs duty on them have been increased.
Here is a complete list of what gets costly and what gets cheaper:
What gets costlier?
-Cigarettes, Tobacco- Imported Footwear, Furniture - Imported Medical Devices - Wall Fans - China Ceramic, Steel, Copper Crockery, Kitchen Utensils - Mobile - Vehicles & Vehicles Parts
What gets cheaper? - Light weight coated paper- Unprocessed sugar - Agro-animal based products - skimmed milk - Certain drinks containing alcohol - Soy fiber, Soy protein