What Becomes Cheaper Post Union Budget 2024 | All You Need To Know About Indirect Taxes

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Published 2024-07-23

The Union Budget for 2024-25 has introduced several changes affecting prices: customs duty on mobile phones, related components, and chargers has been reduced to 15%, leading to lower prices. Similarly, cancer medicines, gold, silver, platinum, shrimp and fish feed will also see reduced costs. However, the budget increases customs duty on ammonium nitrate, PVC flex banners, and certain telecom equipment, making them more expensive.

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