Health emerged to be the priority of the Government of India as the Finance Minister Nirmala Sitharaman doubled up the spendings on the health care sector in the Union Budget 2021-22 introduced in the parliament today.
While the FinMin announced an increase in customs duty, all eyes glued to the things that are going to get costlier while gold and silver will become cheaper as a result of rationalisation in customs duty on imports of these precious metals.
Here’s a brief list of the things that gets costlier and what’s cheaper followed by the FinMin’s Address,
Gold and silver
Other precious metals like platinum and palladium
Iron, steel and copper items
Medical devices imported by international organisation and diplomatic missions
Imported auto parts
Solar cells, LED Lamps
Raw silk and cotton
Mobile phones and chargers
Imported gems and precious stones
Imported air-conditioner and fridge compressors
Finished leather products