Finance Minister Nirmala Sitharaman on February 1 presented the Union Budget 2021-22 in the Lok Sabha. Some of the items that have become cheaper include gold and silver, and those that became costlier include solar cells and mobile phone.

Here's a brief list of what's costlier and what's cheaper:

List of imported items that will become costlier:

Compressors for refrigerators and air conditioners

Petrol & Diesel: Agriculture Infrastructure & Development Cess (AIDC) of Rs 2.5 per litre & Rs 4 per litre to be imposed respectively

LED lamps, parts and spares such as printed circuit board

Raw silk and cotton

Solar inverters and lanterns

Automobile parts such as safety and toughened glasses, windscreen wipers, signalling equipment

Mobile phone parts like PCBA, camera module, connectors, back cover, side keys

Mobile phone charger components, -Inputs or raw materials of Lithium-ion battery

Ink cartridges and ink spray nozzle

Finished leather products

Nylon Fibre and Yarn

Plastic builder wares

Cut and polished synthetic stones, including cut and polished cubic zirconia

This is in line with what was in the previous budget, where the minister had hiked duty on products like fans, refrigerators, lamps, medical equipment, toys, cigarettes, headphones, ovens, and mixer grinders. The hike in customs duty is expected to motivate manufacturers to make these products in India.

List of imported items that will become cheaper:

Gold and gold ore

Silver and silver ore

Other precious metals like platinum and palladium

Medical devices imported by an international organisation and diplomatic missions.

Finance Minister Nirmala Sitharaman on February 1 presented the Union Budget 2021-22 in the Lok Sabha. Some of the items that have become cheaper include gold and silver, and those that became costlier include solar cells and mobile phone.

Here's a brief list of what's costlier and what's cheaper:

List of imported items that will become costlier:

Compressors for refrigerators and air conditioners

Petrol & Diesel: Agriculture Infrastructure & Development Cess (AIDC) of Rs 2.5 per litre & Rs 4 per litre to be imposed respectively

LED lamps, parts and spares such as printed circuit board

Raw silk and cotton

Solar inverters and lanterns

Automobile parts such as safety and toughened glasses, windscreen wipers, signalling equipment

Mobile phone parts like PCBA, camera module, connectors, back cover, side keys

Mobile phone charger components, -Inputs or raw materials of Lithium-ion battery

Ink cartridges and ink spray nozzle

Finished leather products

Nylon Fibre and Yarn

Plastic builder wares

Cut and polished synthetic stones, including cut and polished cubic zirconia

This is in line with what was in the previous budget, where the minister had hiked duty on products like fans, refrigerators, lamps, medical equipment, toys, cigarettes, headphones, ovens, and mixer grinders. The hike in customs duty is expected to motivate manufacturers to make these products in India.

List of imported items that will become cheaper:

Gold and gold ore

Silver and silver ore

Other precious metals like platinum and palladium

Medical devices imported by an international organisation and diplomatic missions.