New Delhi: As the Finance Minister Arun Jaitley today presented General Budget 2017-18 in the Parliament, there is a bad news for the consumers of tobacco and smokers as he has decided to increase costs of tobacco products.
All the consumers of cigarette and tobacco products will have to shell out more money for purchasing these products.
The Finance Minister Arun Jaitley continued with the crackdown on cigarettes and tobacco products by increasing taxes in the Budget for 2017-18.
On other hand, the finance minister made an attempt to make it more affordable for clean energy sources by cutting duties on solar tempered glass, fuel cell based power generating systems and wind operated energy generator.
Here is the list of following items that will turn costlier after the Budget:
> Cigarettes, pan masala, cigar, cheroots, bidis, chewing tobacco
> LED lamp components
> Cashew nuts (roasted and salted)
> Aluminum ores and concentrates
> Polymer coated MS tapes used in manufacturing of optical fibres
> Silver coins and medallions
> Printed circuit board used in making mobile phones Following is a list items that will turn cheaper:
> Booking railway tickets online
> RO membrane elements for household usage
> Solar tempered glass used in solar panels
> Fuel cell based power generating systems
> Wind operated energy generator
> Vegetable tanning extracts used in making leather products
> POS machines card and fingerprint readers
> Group insurance for Defence services.