new Delhi: From the new financial year (Financial Year 2022-23) ie 1st April (April 1), many goods will become very expensive. Now people will have to bear the burden of inflation even more. From April 1 i.e. tomorrow, running mobile with TV, AC, Fridge across the country will also become expensive.
In fact, Union Finance Minister Nirmala Sitharaman has announced changes in tax rates in this year’s budget, which will now come into effect from April 1. Therefore, now the raw materials on which the excise duty has been increased, the prices of the products related to them will also increase.
TV, AC, Fridge will be expensive
In fact, the government has imposed 30% import duty on aluminum ore and concentrated aluminum from April 1. They are used in making hardware for TVs, ACs and fridges. Now due to costly supply of raw materials, the cost of production of these products is also bound to increase. Which will now have a direct impact on the pockets of the common people. Import duty has also been increased on parts used in compressors of ACs and refrigerators. In such a situation, their price will also increase.
read also
The price of LED bulbs will increase
The government has increased the basic customs duty on the material used in making LED bulbs, along with levying 6% reimbursement duty. In such a situation, after the implementation of its new rule from April 1, the price of LED bulb will also increase.
silver will also be expensive
The government has also made changes in the import duty on silver. Which means that along with silver jewelry and utensils from April 1, the products made from it will also be expensive from tomorrow. At the same time, steel goods are also going to be hit by inflation.
Mobile will increase the burden on the pocket
The government has also announced customs duty on printed circuit boards used to make mobile phones. That is, the import of these products from outside will now become expensive. This thing will have an impact on the cost of production of the companies. This decision of the government can put a lot of burden on the consumers. Due to this the price of mobile can also increase.
Telecom companies will shock
Telecom companies that are providing free unlimited data and calling facility to their customers, they will now end these services on March 31. Which means that customers will now have to choose a tariff plan amid the increasing competition in the 4G market. In such a situation, now people will suddenly find it expensive to run mobiles.
The price of earbuds and headphones will increase
During the budget, the Finance Minister has increased the import duty on some devices used in wireless earbuds. It is believed that companies making wireless earbuds can also increase the price of their products. Along with this, the government has also announced to increase the duty on the import of premium quality headphones. Which means that buying headphones from April 1 is going to be expensive for customers.
This may reduce the price of the product
In the budget, the import duty on many products related to smartphones has also been reduced. In which things like mobile charger, transformer, camera lens module are included. After the implementation of the new duty, the prices of related products may come down. The government has also reduced the excise duty on some parts of smartwatches and fitness bands, so they may become cheaper from April 1.