InvestorQ : What got cheaper and what got costlier in the Budget2020?
Anushri Vasa made post

What got cheaper and what got costlier in the Budget2020?

Radhika Arya answered.
2 years ago
The Finance Minister Nirmala Sitharaman announced as raise in tax in the Union Budget 2020, due to which some products have got costlier than before and some got cheaper. However, there wasn’t any impact on some commodities as well.

The FM also proposed withdrawal of customs duty exemption on raw sugar, agro-animal based products, skimmed milk, certain alcoholic beverages, tuna bait, soya protein, and soya fiber.

Let’s take a look at which products got expensive and which products got cheaper:
Footwear, Furniture, Wall fans, Medical equipment, cigarettes, tobacco products, clay iron, steel, copper, tableware/kitchenware, parts of commercial vehicles, selected electronic vehicles, catalytic converters, toys (selected), selected mobile equipment.Skimmed milk, raw sugar, soya protein, tuna bait, newsprint, lightweight coated paper, agro-animal based products, certain alcoholic beverages, Purified terephthalic acid (PTA), etc.