Finance Minister Nirmala Sitharaman presented the Union Budget for 2021-22. In her speech, the finance minister has announced an increase in customs duty on many items. Here’s a look at things that will be more expensive. (Image: Moneycontrol)
The government announced a 2.5 percent hike in customs duty on certain mobile phone parts and power banks. (Image: Moneycontrol)
Customs duty on solar inverters raised from 5 percent to 20 percent. (Image: Moneycontrol)
Duty on solar lanterns increased from 5 percent to 15 percent. (Image: Moneycontrol)
Customs duty on certain auto parts has gone up to 15 percent. (Image: Moneycontrol)
Customs duty on cotton increased from nil to 10 percent. (Image: Moneycontrol)
Customs duty on raw silk and silk yarn increased from 10 percent to 15 percent. (Image: Moneycontrol)
Prawn feed to attract customs duty of 15 percent from earlier rate of 5 percent. (Image: Moneycontrol)
Agriculture cess increased by 2.5 percent on Petrol. (Image: Moneycontrol)
Agriculture cess increased by 4 percent on diesel. (Image: Moneycontrol)