Know what will be cheaper or costlier for you from tomorrow

NEW DELHI: From tomorrow, a number of goods will become cheaper or costlier due to change in taxes. Though taxes on most of the goods are now decided by the Goods and Services Tax (GST) Council, but imported goods come under custom duties which are part of the Budget and fixed by the finance minister. Budget 2018, which was presented on February 1, had made several proposals regarding custom duties. These changes will come in effect from April 1. Below is a list of imported items that will become costlier: * Mobile phones * Silver * Gold * Vegetable, fruit juices, including orange and cranberry * Sunglasses * Miscellaneous food preparations other than soya protein * Sunscreen, suntan, manicure, pedicure preparations * Preparations for oral dental hygiene, denture fixative pastes and powders; dental floss * Pre-shave, shaving or after-shave preparations, * Deodorants, bath preparations, depilatories, perfumery * 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 * 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 The following is the list of imported items that will become cheaper:* Raw cashew nuts * Solar-tempered glass * Raw materials, parts or accessories used in making cochlear implants * Select capital goods and electronics such as ball screws and linear motion guides

from The Economic Times https://ift.tt/2GYv66j