New Delhi: In his last full budget before the general elections in 2019, Finance Minister Arun Jaitley raised the customs duty on items like cars and motorcycles, mobile phones, vegetable and fruit juices, and perfumes making them more expensive. At the same time, the import duty on certain items like raw cashew nuts and solar tempered glass were slashed making them available at cheaper rates.
Following is the list of imported items that will become cheaper:
Raw cashew nuts
Select capital goods and electronics like ball screws and linear motion guides
Solar tempered glass or solar tempered glass used for manufacture of solar cells/panels/modules
Raw materials, parts or accessories for the manufacture of cochlear implants
The imported items that will become costlier are:
Specified parts/accessories of motor vehicles, motor cars, motor cycles
Cellular mobile phones
Cut and polished coloured gemstones, diamonds, imitation jewellery
Vegetable and fruit juices like orange and cranberry
Perfumes and toilet waters
Sunscreen, suntan, manicure, pedicure preparations; pre-shave, shaving or after-shave preparations
Silk Fabrics
Footwear
Wrist watches, smart watches/wearable devices
LCD/LED/OLED panels and other parts of LCD/LED/OLED TVs
Miscellaneous items like candles, tapers, kites, sunglasses, cigarette and other lighters, and refined edible vegetable oils.