Planning to buy a new mobile phone, perfumes or footwears, now you will have to pay more as these items will become costlier as Finance Minister Arun Jaitley announced hike on custom duties during his Union Budget 2018-19 speech on Thursday.
However, import duties on selected items such as raw cashew nuts, solar tempered glass and raw materials and accessories of cochlear implants have been reduced therefore making them cheaper.
See list of imported items that will be costlier
Automobiles
# Cars / motorcycles
# Truck and Bus radial tyres
Electronics
# Mobile phones
# LCD/ LED TV panels
Jewelry
# Gold
# Silver
# Coloured gemstones
# Diamonds
# Imitation jewellery
Accessories
# Sunglasses
# Wrist watches, pocket watches
# Perfumes
# Footwear
# Smart watches
# Wearable devices
Cosmetics
# Sunscreen,
# suntan, manicure,
# pedicure preparations
# Pre-shave, shaving or after-shave preparations
# Deodorants, bath preparations, depilatories, perfumery
Food Items
# Vegetable, fruit juices, including orange and cranberry
# Miscellaneous food preparations other than soya protein
# Edible/vegetable oils such as olive oil, groundnut oil
Dental Care
# Preparations for oral dental hygiene, denture fixative, pastes and powders; dental floss
Home Decor
# Furniture
# Mattresses
# Lamps
Sports/Toys
# Tricycles, scooters, pedal cars, wheeled toys, dolls, toys, puzzles of all kinds
# Video game consoles
# Articles and equipment for sports or outdoor games, swimming pools and paddling pools
# Cigarette and other lighters, candles
Here’s a list of imported items that will become cheaper:
See list of imported items that will be cheaper
# Solar tempered glass for manufacture solar panels
# Raw materials used in making cochlear implants
# Eelectronics such as ball screws and linear motion guides.