alexa
Indianmoney.com Missed Call Number

What is your Credit Score? Get FREE Credit Score in 1 Minute!

Get Start Now!
Home Articles 4 Things which get costly after Union Budget 2017

4 Things which get costly after Union Budget 2017

IndianMoney.com Research Team | Updated On Thursday, February 07,2019, 12:04 PM

5.0 / 5 based on 1 User Reviews

4 Things which get costly after Union Budget 2017

 

 

Find giving up smoking difficult? The Union Budget 2017 can help you quit this bad habit.

Cigarettes, Paan Masala, Bidis and Cheroots will be costly

 

Smokers and tobacco consumers have some bad news. Excise duty on cigarettes of various lengths, has been increased by 2.5% to 6%, making smoking more costly. Excise duty on cigarettes and cheroots has been changed to 12.5%. Excise duty on paan masala has been increased from 6% to 9%. The Finance Minister has increased excise duty on handmade bidi by 33%.

SEE ALSO: How To Download EPF Mobile App: M-Sewa app of EPFO?

Mobile phones and LED Lights assembled in India are now more costly

 

Love changing your smart phone every 6 months? Not a good idea. There could be a small increase in the prices of mobile handsets assembled in India. The Finance Minister has proposed to levy customs duty on a component (Printed Circuit Board), which makes up more than a fourth of the cost of making the phone. Expect the price of mobile handsets to go up by around 1%. The Finance Minister has also increased duty on parts used in LED lights making them costly.

SEE ALSO: How to check Aadhaar linking status with bank?

Imported Cashew Nuts to get more costly

 

Yes, your favorite snack, roasted and salted cashew nuts will get more costly after Union Budget 2017. Imported cashew nuts will get more costly as basic customs duty has been hiked from 30% to 45%.

Imported Silver Medallions and Silver Coins to get costly

After this Budget, buying silver coins is not a good idea. Imported silver medallions which have silver content not below 99.9%, will be costlier after the Budget. So will silver coins. The Government has imposed countervailing duty (an additional import duty charged on imported goods) to 12.5%. This was 0 before the Budget.

Want to know more on tax planning? Just leave a missed call on IndianMoney.com financial education helpline 02261816111 or just post a request onIndianMoney.com website. IndianMoney.com offers Free, Unbiased and on-call financial advice on Insurance, Mutual Funds, Real EstateLoansBank Accounts and capital markets.

 

Did you find this article useful? You can Rate us
5.0 / 5 based on 1 User Reviews
Article Author

IndianMoney.com Research Team

The research team at IndianMoney.com comprises of certified and experienced professionals who share the company's vision to make every Indian financially literate by equipping every Indian with right and unbiased advice. IndianMoney.com research team provides newsletters, articles, videos and FAQs on various financial products and concepts only to help you make wise financial decisions.

What is your Credit Score? Get FREE Credit Score in 1 Minute!

Get Start Now!
CIBIL Meter
Get It now!
Attention!

This is to inform that Suvision Holdings Pvt Ltd ("IndianMoney.com") do not charge any fees/security deposit/advances towards outsourcing any of its activities. All stake holders are cautioned against any such fraud.