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Budget impact: Smartphones and EVs to get cheaper; TVs, fabrics to get costlier
The Statesman Siliguri
|February 02, 2025
Union Finance Minister Nirmala Sitharaman, presenting the Budget 2025-26 on Saturday, introduced some key changes in basic customs duties (BCDs) that will impact the prices of various goods.
The budget includes duty exemptions on essential medicines, electronic goods, electric vehicle (EV) components, and mobile phone parts. The changes introduced will make them more affordable for consumers.
One of the biggest reliefs comes in the healthcare sector, where the government has fully exempted 36 life-saving drugs used in the treatment of cancer and chronic diseases from basic customs duties.
Additionally, 37 more medicines will also be duty-free to make essential medical treatment more affordable for patients.
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