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Budget 2023 – Mobiles, TVs to get cheaper; Gold, silver, cigarettes to get costlier

Budget 2023 - Mobiles, TVs to get cheaper; Gold, silver, cigarettes to get costlier

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Budget 2023
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Budget 2023 –
Mobiles, TVs to get cheaper; Gold, silver, cigarettes to get costlier

  • The Budget 2023 was
    delivered on Wednesday by Finance Minister Nirmala Sitharaman, who also
    announced revisions to several customs and taxes that will make some things
    more affordable and others more expensive.
  • Today marks
    Sitharaman’s fifth complete budget since she became finance minister in July
    2019.
  • Here’s a list of
    items that have gotten cheaper and those that have gotten more expensive.

Here’s what will get costlier:

* Gold

* Silver

* Diamonds

* Platinum

* Custom duty on
cigarettes increased

* Compounded Rubber

* Electric kitchen
chimney

* Copper scrap

Here’s what will be cheaper:

* Mobiles

* Camera lenses

* TV

* Bledned CNG

* Govt to reduce
basic customs duty on seeds used in manufacturing of lab-grown diamonds.

* Goods/machinery
for manufacture of lithium-ion cell

* Heat coil for
manufacture of electric kitchen chimneys

* Denatured ethyl
alcohol

* Seeds used in the
manufacture of diamonds

* Acid grade
fluorspar

* Govt to reduce
customs duty on shrimp feed to promote exports

* Toys and part of
toys

* Bicycles

Like
the previous two years, this year as well, a paperless budget will be presented
by Sitharaman, which will be available to people via a mobile application on
both android and iOS smartphones. This year’s Budget holds much significance as
the country is scheduled to have the next Lok Sabha election in April-May 2024.

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