Union Budget 2024, What’s Cheaper and What’s Expensive? On Tuesday, Finance Minister of India Nirmala Sitharaman presented the Union budget of 2024. The budget focused on assuring affordable medicines, especially or the cancer patient. Also, custom duty reduces precious metals like gold and silver to 6% and platinum to 6.5%.
On the other hand, the prices of Telecom equipment and plastic become expensive.
PVC flex banners are non-biodegradable and hazardous to the environment and health. To curb their import, she proposed to raise BCD on them from 10 to 25 %, she said.
Here is the list of the goods that become cheaper.
- Cancer medicines – exempted three cancer medicines from customs duties.
- Mobile phones, chargers- reduced BCD to 15% on Mobile phones, PCBA, and Mobile charges.
- Precious metal – reduced custom duty on gold and silver to 6% and platinum to 6.5%
- Fish- reduced BCD on fish feed and shrimp to 5 %.
- Minerals- Exempted custom duties on 25 critical minerals
- Gold and Silver
Here is the list of Goods that will get expensive.
- Telecoms goods – BCD increased from 10% to 15% on PCBA of specified telecom equipment.
- Plastic goods- BCD raised from 10 to 25 %
