Sunday, Oct 02, 2022

From headphones to umbrellas: What gets cheaper, what’s costlier in Budget 2022

Here is a list of items that will become costlier or cheaper following today's Union Budget

Stock Market Today, Share Market Today, Sensex, Nifty, Rupee ValueA man looks at a screen displaying budget news, in Mumbai on Tuesday. (Photo: Reuters)

From headphones, umbrellas, imitation jewellery, to cocoa beans, and cut and polished diamonds, prices of various commodities will see a rise or dip following Finance Minister Nirmala Sitharaman’s Budget on Tuesday.

While imported items, along with umbrellas and unblended fuel will see a rise in prices from April when the Budget comes into effect, chargers and cameras for phones, wearable tech like smartwatches, hearing aids, gemstones and diamonds, farming tools and smart meters, steel scraps and chemicals for petroleum refining will get cheaper.

“Electronic manufacturing has been growing rapidly and customs duty rates are being calibrated to provide a graded rate structure to facilitate local manufacturing of wearable devices, hearable devices, and electronic smart meters,” the Finance Minister had said in her speech.

Following is a list of imported items that will become costlier

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  • Umbrella
  • Imitation Jewellery
  • Single or multiple loudspeakers
  • Headphones and earphones
  • Smart meters
  • Solar cells
  • Solar modules
  • X-ray machines
  • Parts of electronic toys

However, certain goods will become cheaper as the government has slashed the customs duty and they are:

  • Frozen mussels
  • Frozen squids
  • Asafoetida
  • Cocoa beans
  • Methyl alcohol
  • Acetic acid
  • Cut and polished diamonds
  • Camera lens for cellular mobile phone.

First published on: 01-02-2022 at 04:41:04 pm
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