Full List of Cheaper and Costlier Items After 2025 Budget: The finance minister announced a big discount for taxpayers, saying no tax will be paid on the annual income of Rs 12 lakh. At the same time, customs duty has been reduced on some things, due to which many things have become cheaper. Do you know what things can be cheap and expensive after the budget announcement?
Finance Minister Nirmala Sitharaman has presented the budget for 2025 in the Lok Sabha. The budget is focused on youth to women. The budget also provides special gifts for the poor, middle class and farmers.
Also, the finance minister announced a big discount for taxpayers, saying that no tax will be paid on the annual income of 12 lakh. At the same time, customs duty has been reduced on some things, due to which many things have become cheaper. Do you know what things can be cheap and expensive after the budget announcement?
Finance Minister Nirmala Sitharaman, while presenting the budget for 2025-26, has announced a cut in customs duty on many items, which is expected to reduce prices for some items. In particular, electronics, medicines and electric vehicles will become cheaper.
Full List of Cheaper and Costlier Items After 2025 Budget
Here’s a summary of the items that have become cheaper and costlier after the 2025 budget presented by Finance Minister Nirmala Sitharaman:
Union Budget 2025 Cheaper Items:
Here’s a detailed table summarizing the items that have become cheaper and costlier after the 2025 budget:
- 36 cancer drugs
- Medical equipment
- Led affordable
- Clothes made in India
- Mobile phone battery
- Cess removed from 82 items
- Leather jacket
- Boots
- Belt
- Purse
- EV vehicles
- LCD
- LED TV
- Handloom fabric
| Category | Cheaper Items | Costlier Items |
|---|---|---|
| Medicines | 36 life-saving cancer and chronic disease drugs are fully exempt from customs duties. | |
| Electronic Goods | Basic customs duty on open cells and other components reduced to 5%. | Interactive flat-panel displays (duty increased from 10% to 20%). |
| Critical Minerals | Cobalt powder, lithium-ion battery waste, lead, zinc, and 12 other critical minerals are exempt from customs duties. | |
| EV Batteries | 35 additional goods for EV battery manufacturing were added to the exempted capital goods list. | |
| Mobile Phone Batteries | 28 additional goods for mobile phone battery manufacturing were added to the exempted capital goods list. | |
| Fish Products | Duties on fish paste and fish hydrolysate reduced from 30% to 5%. | |
| Leather Goods | Basic customs duty exemptions on wet blue and crust leather imports. | |
| Shipbuilding Materials | Raw materials for shipbuilding are exempt from basic customs duty for the next 10 years. | |
| Tourism | Visa-free waivers for select countries to boost inbound tourism. | |
| Non-biodegradable Plastics | ————- | Customs duty increased to 25%. |
| Certain Telecom Equipment | —————— | Basic customs duty raised from 10% to 15%. |
| Knitted Fabrics | ——————— | Customs duty hike to promote domestic textile production. |
Here is the list of all items that will get cheaper after the budget 2025:
- Life-saving Medicines: 36 cancer and chronic disease drugs are fully exempt from basic customs duties.
- Electronic Goods: Basic customs duty on open cells and other components reduced to 5%.
- Critical Minerals: Cobalt powder, lithium-ion battery waste, lead, zinc, and 12 other critical minerals are exempt from basic customs duty.
- EV Batteries: 35 additional goods for EV battery manufacturing were added to the exempted capital goods list.
- Mobile Phone Batteries: 28 additional goods for mobile phone battery manufacturing were added to the exempted capital goods list.
- Fish Products: Duties on fish paste and fish hydrolysate reduced from 30% to 5%.
- Leather Goods: Basic customs duty exemptions on wet blue and crust leather imports.
- Shipbuilding Materials: Raw materials for shipbuilding are exempt from basic customs duty for the next 10 years.
- Tourism: Visa-free waivers for select countries to boost inbound tourism.
Read Also:Â Budget Session 2025 Bills List
Union Budget 2025 Costlier Items:
Here is the list of all items that will get costlier after the budget 2025:
- Interactive Flat-Panel Displays: Basic customs duty increased from 10% to 20%.
- Non-biodegradable Plastics: Customs duty increased to 25%.
- Certain Telecom Equipment: Basic customs duty raised from 10% to 15%.
- Knitted Fabrics: Customs duty hike to promote domestic textile production.
