Budget effect: list of items whose price will increase/decrease
Posted on: 01/Feb/2017 8:20:01 PM
Following the budget presentation by the Finance Minister Jaitley, it is expected that the price of mobile phones will go up because of new taxes.
In the budget, 2 percent customs duty has been imposed on the PCBs (Printed Circuit Boards) which are the essential component of cell phones.
It is also expected that because of this additional duty on imported PCBs, the local manufacturers of PCBs may benefit.
So, the prices of smartphones with imported PCBs will go up by 1 percent.
It is t be noted, however, that most of the cell phones are having imported PCBs.The PCBs have an impact on 25 to 30 percent on the production cost of the phones.
With the budget presentation, there are some panels including tobacco which will go up.
Meanwhile, the prices of some items like solar plates will go down.
Details:
Items whose price will be up
- Cigarette, Pan Masala, Beedi, cheroot, and tobacco
- LED lamps
- Fried cashew nuts
- Aluminium Minerals
- Polymer M. S. tapes
- Cellphone Circuit Boards
- Silver coins and medals
Items whose price will be down
- Online train tickets
- Reverse Osmosis plates for domestic use
- Liquified fuel gas
- Solar panels
- Windmill generator
- PoS devices (Point of Sales), fingerprinting devices
- Insurance of safety/security services
