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    Published On : Sat, Mar 31st, 2018
    Business News | By Nagpur Today Nagpur News

    Cars, Mobiles And More: What Will be Expensive and What Cheaper from April 1, 2018

    With the start of the new financial year a large number of imported items will turn costlier, as the proposals made by the Finance Minister Arun Jaitley in his budget speech will get implemented from April 1, 2018.

    “I propose to increase customs duty on mobile phones from 15% to 20%, on some of their parts and accessories to 15% and on certain parts of TVs to 15%. This measure will promote creation of more jobs in the country,” Arun Jaitley said in his Budget speech.

    Not just electronics, customs duty will go up on a large range of household items. To give you an idea

    • Cranberry juice rate will be up five times to 50%
    • Orange juice to 35% from the earlier rate of 30%
    • Watches and sunglasses upto to 20% from 10%
    • Diamond jewellery and gemstones to 5% from 2.5%
    • Customs duty on footwear parts from 10% to 15%
    • Imitation jewellery to 20% from 5%

    Here is the complete list of items that is set to become costlier from April 1, 2018 onwards.

    Cars and motorcycles
    Mobile phones
    Silver
    Gold
    Vegetable, fruit juices, including orange and cranberry
    Sunglasses
    Miscellaneous food preparations other than soya protein
    Perfumes and toilet waters
    Sunscreen, suntan, manicure, pedicure preparations
    Scent sprays and similar toilet sprays
    Truck and Bus radial tyres
    Silk Fabrics
    Footwear
    Coloured gemstones
    Diamonds
    Imitation jewellery
    Smart watches/wearable devices
    LCD/ LED TV panels
    Preparations for oral dental hygiene, denture fixative pastes and powders; dental floss
    Pre-shave, shaving or after-shave preparations,
    Deodorants, bath preparations, depilatories, perfumery
    Furniture
    Mattresses
    Lamps
    Wrist watches, pocket watches, clocks
    Tricycles, scooters, pedal cars, wheeled toys, dolls’ carriages, dolls, toys, puzzles of all kinds
    Video game consoles
    Articles and equipment for sports or outdoor games, swimming pools and paddling pools
    Cigarette and other lighters, candles
    Kites
    Edible/vegetable oils such as olive oil, groundnut oil
    Items set to become cheaper
    Raw cashew by 2.5%
    Solar tempered glass
    Raw materials used in making cochlear implants


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