NEW DELHI: Finance minister Nirmala Sitharaman on Tuesday announced the Union Budget 2024. Taking a bottoms-up approach, the Budget focused on assuring affordable medicines especially for cancer patients along with reducing custom duty on precious metals like gold, silver to 6% and platinum to 6.5%.
Meanwhile, telecom equipments and plastic goods are set to become expensive.
Here’s a list of goods that became cheaper:
Meanwhile, telecom equipments and plastic goods are set to become expensive.
Here’s a list of goods that became cheaper:
- Cancer medicines- Exempted three cancer medicines from custom duties
- Mobile phones, chargers- Reduced BCD to 15% on mobile phones, PCBA and mobile chargers
- Precious metals- Reduced custom duty on gold and silver to 6% and platinum to 6.5%
- Fish- Reduced BCD on fish feed and shrimp to 5%
- Minerals- Exempted custom duties on 25 critical minerals
Here’s a list of goods that’ll get expensive
- Telecom goods- BCD increased from 10% to 15% on PCBA of specified telecom equipment
- Plastic goods- BCD raised from 10 to 25%.