Finance Minister Nirmala Sitharaman presented her fourth budget today i.e. on Tuesday. Let you all know that many announcements were made for different sectors in the budget. However, during this time, we are going to tell you about what is going to increase the burden on the pocket of the common man and from whom he will get relief.
Cheap goods - Machines coming from abroad will be cheaper Textiles and leather goods will be cheaper Farming equipment will be cheap Mobile-Charger shoes and slippers Diamond Jewelry Packaging Cans James & Jewelry
Expensive goods - umbrella Capital Goods Fuel without blending Emittation Jewelry
Phone chargers will be cheaper - Let you tell everyone that the emphasis in the budget is on making the country self-reliant in the field of electronics. In such a situation, the Finance Minister has announced duty concessions on mobile phone chargers, mobile phone camera lenses, transformers, etc., to promote domestic manufacturing.
Gems and jewellery will be cheaper - Let us tell you all that today during the budget to promote the gems and jewellery industry, the government has increased the custom duty on gems to 5% with cut and polished diamonds. Yes, that is, there will be no custom duty on simple sonned diamonds anymore.
Artificial jewelry will be expensive - Let us tell you that during today's budget, the government has now increased the import duty on it to Rs 400 per kg to discourage the import of undervalue artificial jewellery. Due to this, these ornaments can be expensive in the coming time.
Umbrellas will be expensive - Umbrellas that protect against getting drenched in the rain will become expensive from now on. In fact, the government has increased the tax on these to 20% in the budget. At the same time, the tax exemption on parts used in making umbrellas has been abolished.
Steel scrap imports will remain cheaper- Giving relief to small and medium enterprises during the Budget, the Finance Minister has extended the custom duty exemption on steel scrap for one more year in the Budget. Yes and this will make it easier for those who make scrap-to-steel products in the MSME sector.
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