Union Budget 2024: From Smartphones To Plastic Goods, What Will Become Cheaper & Costlier? Check Out

Union Budget 2024: Finance Minister Nirmala Sitharaman presented the Union Budget for 2024 on Tuesday, with a focus on affordability and economic inclusivity. Basic customs duties on precious metals such as gold and silver have been reduced to 6 per cent, while the duty on platinum has been adjusted to 6.5 per cent. In addition, customs duties on precious metals such as gold and silver have been reduced to 6 per cent, while the duty on platinum has been adjusted to 6.5 per cent. Mobile phones and chargers: BCD reduced to 15 per cent on mobile phones, PCBA, and chargers BCD reduced to 15 per cent on mobile phones, PCBA, and chargers Cancer medicines: Exempted from customs duties Exempted from customs duties Precious metals: Customs duty on gold and silver reduced to 6 per cent, platinum to 6.5 per cent Customs duty on gold and silver reduced to 6 per cent, platinum to 6.5 per cent Critical minerals: Exempted from customs duties on 25 key minerals Exempted from customs duties on 25 key minerals Fish feed and shrimp: BCD reduced to 5 per cent Budget 2024: What Will Become Costlier? Plastic goods: BCD raised from 10 per cent to 25 per cent BCD raised from 10 per cent to 25 per cent Telecom equipment: BCD upped from 10 per cent to 15 per cent on specified telecom equipment PCBA These adjustments reflect the government's strategic approach to balancing economic growth with health and environmental priorities.