New Delhi: Finance Minister Nirmala Sitharaman presented the ninth budget of the Modi government on Wednesday. In this, he announced many big schemes, while also announcing the removal of many old charges. According to the announcement, now the government will increase the contingency fee on cigarettes. At present, it has been decided to increase it by 16 percent. Apart from this, the Finance Minister said that customs duty will be exempted to promote diamonds created in laboratories, due to which their prices will also fall.
What expensive
Incidental duty on cigarettes was increased by 16 percent.
GST will be removed on blended CNG, prices will come down
The basic import duty on compound rubber increased from 10 percent to 25 percent. Will be expensive.
Increase in customs duty on jewelry made of gold bars
Custom duty on electronic chimneys used in kitchens increased from 7.5% to 15%.
What cheap
Custom duty exemption to promote lab-grown diamonds.
Provision for exemption from import duty on mobile parts and camera lenses. Import customs duty exemption to promote green mobility.
