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Here's the list of what's become cheaper and dearer with the Union Budget presented on February 1, 2025.
Cancer, chronic disease medicines-- 36 life-saving drugs are exempted from basic custom duties
35 new goods for electronic vehicle (EV) battery production and 28 new goods for mobile phone battery production.
Customs duty on open cell for interactive flat panel display, touch glass sheet, touch sensor for LED/LCD TVs reduced from 15 to 5%.
Customs duty on frozen fish paste (surimi) is reduced from 30% to 5%. Customs duty on fish hydrolysate for the manufacture of aquatic feed is reduced from 15% to 5%.
Customs duty on engine capacity not exceeding 1600 CC reduced to 40%, semi-knocked down reduced to 20 per cent, and completely knocked down reduced to 10%. Engine capacity 1600 CC and above reduced to 30%.
Customs duty on inputs/sub-parts of camera module, connectors, manufacture of wired headset, microphone and receiver, USB cable, fingerprint reader/ sensor of cellular mobile phone reduced from 2.5% to nil
Customs duty on knitted fabrics hiked from 10 to 20%
Exemption on social welfare surcharge removed on 82 tariff lines currently under cess.
Customs duty on interactive flat display hiked from 10% to 20%