New Delhi,February 1.2021: A large number of commonly used items, including refrigerators, air conditioners, LED lights and mobile phones, will become more expensive due to hike in customs duty on imported parts, as proposed by Finance Minister Nirmala Sitharaman in the Union Budget for 2021-22.
However, gold and silver will become cheaper as a result of rationalisation in customs duty on imports of these precious metals.
List of imported items that will become costlier:
Compressors for refrigerators and air conditioners
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,
List of imported items that will become cheaper
Gold and gold dore
Silver and silver dore
Other precious metals like platinum and palladium
Medical devices imported by international organisation and diplomatic missions.
