Union Finance Minister Nirmala Sitharaman on Tuesday presented her 7th straight budget for the 2024-25. Several electronic items and medicines will get cheaper after the finance minister proposed a reduction of 15 customs duty up to 15%. Customs duty has been removed at least on 25 items. The Centre presented an Interim Union Budget on February 1, this year as due to the general elections held in April. This time too, the Finance Minister the budget a paperless form.
Things to get cheaper
Mobile phones, chargers will get a price cut.
Three cancer medicines will also get cheaper
Gold and silver will also get cheaper with the reduction of 6% customs duty.
Shrimp and fish feed with 5% reduction in duty
Reduction of custom duties on 25 critical minerals
Costly items
Basic customs duty increased from 10% to 15% on some telecom equipment
Plastic products due to increase in custom duty
Customs duty spandex yarn manufacture lowered to 5% from current 7.5%
PVC flex banners after increase in customs duty to 25% from 10%.
Custom duty on ammonium nitrate hiked to 10% from 7.5%
Union Budget 2024: Several electronic items and medicines will get cheaper after the finance minister proposed a reduction of 15 customs duty up to 15%. Biz News Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
