Cigarettes to be costlier, TV panels and mobile phones parts to be cheaper

New Delhi: A quick glance at the things the price of which will be costlier and cheaper as per the Union Budget presented by Finance Minister Nirmala Sitharaman.

There will be a hike in articles made from gold bars because of the increased customs duty, and the cigarettes will be costlier following a 19 per cent increase in tax.

It is expected that the prices of mobile phones and TV will go down with a cut in customs duty on the import of certain inputs for mobile phone manufacturing.

Further, customs duty on parts of open cells of TV panels would be cut to 2.5 per cent, while customs duty on kitchen electric chimney has been increased to 15 per cent from 7.5 per cent.

The prices of these items go up:

Articles made from gold bars

Cigarettes

Imitation Jewellery

Silver

Electric kitchen chimney

Imported bicycles and toys

Electronic vehicle imports

Things that will become cheaper:

Parts for mobile phones

Parts for TV panels

Machinery for lithium-ion batteries

Raw materials for the EV industry