Budget 2023 – What’s Costlier and What’s Cheaper

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Budget 2023 - What's Costlier and What's Cheaper
Budget 2023 – What’s Costlier and What’s Cheaper

Finance Minister Nirmala Sitharaman today presented the last full-fledged budget of the second-term government led by Narendra Modi before the 2024 general elections. Nirmala Sitharaman made it clear which goods will be getting cheaper and which will be becoming costlier.

Here is the list of items…

What’s Costlier:

Articles made from gold bars
Imitation Jewellery
Electric kitchen chimney
Imported bicycles and toys
Electronic vehicle imports

What’s Cheaper:

Parts for mobile phones
Parts for TV panels
Machinery for lithium-ion batteries
Raw materials for the EV industry

Nirmala Sitharaman announced that the customs duty on camera lenses will be removed for a year. The customs tax on TV parts will be reduced to 2.5 percent from 5 percent. Lithium Ion Battery customs tax has also been reduced. The import charges on the silver have been hiked.