Union Finance Minister Nirmala Sitharaman on February 1st, 2020 presented the Union Budget 2020. A large number of items, including cigarettes, tobacco products, medical equipment among others will become dearer now.
On the other hand, items such as raw sugar, certain alcoholic beverages, agro-animal based products, Tuna bait, skimmed milk among others will become cheaper.
Here’s the list:
DEARER
- Cigarettes, Tobacco products
- Footwear
- Furniture
- Medical equipment
- Wall fans
- Kitchenware, tableware: Customs duty on tableware, kitchenware made of porcelain or China ceramic, clay iron, steel, copper doubled to 20%.
CHEAPER
- Imported newsprint, lightweight coated paper
- Purified terephthalic acid (PTA)
- Raw Sugar
- Agro-animal based products
- Tuna bait
- Skimmed milk
- Certain alcoholic beverages
- Soya fibre, soya protein
Photo credit: justicepays.com
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Thank you.
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