Union Budget 2023-24: What's cheaper and what's costlier? Here's the list

Union Budget 2023-24: Here's a list of items that will become cheaper and costlier in FY24

Union Finance Minister Nirmala Sitharaman presented the Union Budget for the fiscal year beginning April 1. Following the budget, a number of commonly used items will become more expensive for the consumers.

Union Budget 2023-24: Here's a list of items that will become cheaper and costlier in FY24.

Here's a list of items that will become cheaper and costlier in FY24:

Articles made from gold bars will see the basic customs duty hiked.

Customs duty on kitchen electric chimney has also been increased to 15% from 7.5%.

Basic customs duty on seeds used in manufacturing of lab-grown diamonds will be reduced.

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Customs duty on shrimp feed to promote exports will also be reduced.

Concessional basic customs duty of 2.5% on copper scrap will continue.

The budget also proposes to cap deductions from capital gains on investments in residential houses to ₹10 crore.

Custom duty on cigarettes has been increased.

Basic custom duty rates on goods other than textiles and agriculture has been reduced from 21 to 13.