February 1, 2023 9:23 PM

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Union Budget for 2023-24 will affect large number of commonly used items

As proposed by the finance minister in the Union Budget for 2023-24, a large number of commonly used items will be affected on account of a reduction or increase in customs duties.<br />''<br />''Items to become costlier include articles made from gold bars;  kitchen electric chimnies;  seeds used in the manufacturing of lab-grown diamonds;  Silver wares and bars; copper products; compounded rubber; ready-made garments and cigarettes.<br />''<br />''Items to become cheaper include Camera lenses, mobile phones, TV parts, Machinery for lithium-ion batteries, Raw materials for the Electrical Vehicle industry, and shrimp feed to promote exports.<br />''<br />''<br />

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