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What’s cheaper, what’s dearer after Arun Jaitley’s Budget?

What’s cheaper, what’s dearer after Arun Jaitley’s Budget?

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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Budget proposal exemption to the services of transport of passengers, by ropeway, cable car or aerial tramway being withdrawn from 14 percent.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%.

Source:Moneycontrol

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Anand Gupta Editor - EQ Int'l Media Network

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