Union Budget 2019: Several tax benefits were announced for purchasing electric vehicles.
Finance Minister Nirmala Sitharaman's first budget proposed a number of changes to levies several items. Here is your list of things that will cost more and less:
Cheaper
- Electric vehicles
- Affordable houses
- Set top boxes
- Imported defence equipment
- Imported parts of electric vehicles
- Camera module and charger of mobile phones
- Imported raw material for manufacture of artificial kidneys
- Imported wool fiber, wool tops
Expensive
- Petrol
- Diesel
- Cash withdrawal over Rs 1 crore/year
- Fully-imported cars
- Split air-conditioners
- Cigarettes, hookah and chewing tobacco
- Imported auto parts
- Imported stainless steel products
- Imported gold and precious metals
- Imported paper and paper products including printed books
- Imported loud-speakers, indoor and outdoor unit of split AC
- Imported plugs, sockets, switches
- CCTV cameras, IP cameras, digital video recorders
- Loudspeakers
- Optical fibre
- PVC
- Vinyl flooring
- Metal fittings
- Marble slabs
- Ceramic tiles and wall tiles
- Mountings for furniture
- Imported cashew kernels
- Raw materials for manufacture of soap