Updated on: Mar 20th, 2023
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6 min read
Here is the full list of items that will get cheaper and costlier in FY 2023-24:
What’s Costlier | What’s Cheaper |
Travel by flights | Televisions |
Imitation jewellery | Smartphones |
Cigarettes | Compressed gas |
Silver dores, bars and articles | Lab-grown diamonds |
Bicycles | Lithium-ion batteries for mobile phones |
Electric kitchen chimney | Acid grade fluorspar |
Compounded rubber | Shrimp feed |
Imported vehicles and electric vehicles (EV) | Fish lipid oil used in manufacturing aquatic feed |
Copper scrap | Machinery for making lithium ion cell in electric vehicles |
Articles made of gold and platinum | Raw materials for making CRGO Steel, ferrous scrap and nickel cathode |
Imported bicycles and toys | Denatured Ethyl Alcohol |
Textiles |
The list includes items becoming costlier and cheaper in FY 2023-24, citing changes in customs duties and exemptions. For instance, items such as smartphones and bicycles will become cheaper, while items like silver dores, bars, and articles, and cigarettes become costlier. Changes in customs duties are detailed, including a reduction in duties for some items and an increase for others.