Finance Minister Nirmala Sitharaman on Monday presented the Union Budget for the fiscal year beginning April 1. Health emerged as the topmost priority for the Narendra Modi government as the finance minister proposed more than doubling of healthcare spending while imposing a new Agri cess on certain imported goods and raising customs duty on items ranging from cotton to electronics in a bid to pull the economy out of the trough.
As proposed by Finance Minister Nirmala Sitharaman in the Union Budget for 2021-22, a large number of commonly used items, including refrigerators, air conditioners, LED lights, and mobile phones, are set to become more expensive due to hike in customs duty on imported parts.
Here’s Is A List Of Imported Items That Will Become Costlier In Fy 2021-22
Compressors for refrigerators and air conditioners
LED lamps, parts, and spares such as printed circuit board
Raw silk and cotton
Solar inverters and lanterns
Automobile parts such as safety and toughened glasses
Mobile phone parts like PCBA
Back cover, side keys, mobile phone charger components
Inputs or raw materials of Lithium-ion battery
Ink cartridges and ink spray nozzle
Finished leather products
Nylon fiber and yarn
Plastic builder wares
Cut and polished synthetic stones, including cut and polished cubic zirconia