New Delhi: Finance Minister Nirmala Sitharaman presented the ninth budget of the Modi government on Wednesday.
In this, she announced many big schemes, while also announcing the removal of many types of old charges.
According to the announcement, now the government will increase the contingency fee on cigarettes. It has been decided to increase it by 16 percent at present.
Apart from this, the Finance Minister said that customs duty will be exempted to promote diamonds manufactured in laboratories, which will also reduce their prices.
Contingency duty on cigarettes increased by 16 percent.
GST on blended CNG to be removed, prices to come down
Basic import duty on compounded rubber increased from 10 per cent to 25 per cent. It will be expensive.
Customs duty hiked on jewellery made from gold bars
Customs duty on electronic chimneys used in kitchens increased from 7.5% to 15%
Customs duty exemption to promote diamonds manufactured in laboratories.
Provision of exemption in import duty on mobile parts and camera lenses. Exemption of import customs duty to promote green mobility.