Union Budget 2022: What's costlier, what's cheaper

Representational Image. Pic/iStock

Union Finance Minister Nirmala Sitharaman presented the Budget 2022-23 in Parliament on Tuesday. In the shortest Budget speech of about 1 hour and 30 minutes, the FM made announcements on updation of Income Tax returns, taxes to be levied on sale or acquisition of digital assets, rollout of 5G services, and introduction of digital rupee, among others.

Here is a list of items that will get costlier or cheaper after customs duty changes.

What's costlier?

• Electronic items
• Mobile phone parts
• Chargers
• Synthetic Gemstones
• Imported leather items
• Solar inverters, lanterns
• Steel screw
• Plastic builder wares
• Raw silk and yarn silk
• Cotton
• Pulses
• Apples
• Alcoholic beverages
• Crude palm oil
• Crude soya bean and sunflower oil
• Coal, lignite and peat
• Specified Fertilizers like Urea

What's cheaper?

• Gold
• Silver
• Iron
• Steel
• Nylon clothes
• Copper items
• Insurance
• Shoes
• Dry cleaning
• Agricultural equipment