Union Budget 2025: List of Costlier and Cheaper Items; Check Details Here!

The Union Budget 2025 has introduced changes affecting the prices of various items. Notably, the government has reduced customs duties on high-end motorcycles, aiming to avoid protectionist trade signals. 

Additionally, the budget proposes raising the foreign direct investment limit in insurance to 100% and introduces incentives and funds to support startups, small firms, and manufacturing.

In this article, we'll cover the detailed list of items that have become costlier and cheaper due to the Union Budget 2025. We'll also explore the implications of these changes on consumers and various industries.

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Union Budget 2025: List of Items That Have Become Costlier

The Union Budget 2025, presented by Finance Minister Nirmala Sitharaman, introduced several changes in customs duties that have resulted in a mix of price increases and decreases for various items.

Here’s a detailed overview of what has become costlier following the budget announcements.

Items That Have Become Costlier

• Flat Panel Displays: Basic Customs Duty (BCD) increased from 10% to 20%, making TVs and monitors more expensive.
• Knitted Fabrics: Duties raised from 10% to 20%, leading to higher prices for textile manufacturers.
• Smart Meters: Increased duties will raise costs for these electronic devices.
• Solar Cells: Customs duties have been revised upwards, affecting the price of solar energy components.
• Imported Footwear: Price hikes due to increased import duties.
• Interactive Flat Panel Displays: These have seen a significant duty increase, impacting costs for educational and corporate environments.
• Imported Candles and Tapers: Higher duties will lead to increased retail prices.
• PVC Products: Including Flex Films and Sheets, which will now cost more due to elevated duties.
• Imported Yachts and Other Vessels: Customs duties on luxury items like yachts have increased.

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Union Budget 2025: List of Items That Are Now Cheaper

• Lifesaving Drugs: 36 essential medicines, including cancer treatment drugs, are now fully exempt from BCD, making them more affordable for patients.
• Mobile Phones: Duty exemptions on 28 items used in mobile phone battery manufacturing will lower the prices of phones and accessories.
• EV Batteries and Components: Lower duties on lithium-ion battery scrap, cobalt, and other essential materials will make electric vehicles more affordable, promoting wider EV adoption across the country.
• Wet Blue Leather: This raw material is now fully exempt from customs duties, benefiting the leather industry.
• Marine Products: Duties on certain seafood products have been reduced, making them cheaper for consumers.
• Carrier-grade Ethernet Switches: BCD reduced from 20% to 10%, aligning costs with non-carrier-grade switches.

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