Union Budget for 2021-22: While a large number of commonly used items, including refrigerators, ACs, and mobile phones, are set to become more expensive due to hike in customs duty on imported parts, gold and silver will become cheaper as a result of rationalisation in customs duty on imports of these precious metals.

Costlier

–              Compressors for refrigerators and air conditioners

–              LED lamps, parts and spares such as printed circuit board

–              Raw silk and cotton

–              Solar invertors and lanterns

–              Automobile parts such as safety and toughened glasses

–              Windscreen wipers

–              Signalling equipment

–              Mobile phone parts like PCBA

–              Camera module

–              Connectors

–              Back cover, side keys, mobile phone charger components

–              Inputs or raw materials of Lithium-ion battery

–              Ink cartridges and ink spray nozzle

–              Finished leather products

–              Nylon fibre and yarn

–              Plastic builder wares

–              Cut and polished synthetic stones, including cut and polished cubic zirconia Cheaper

–              Gold and gold dore

–              Silver and silver dore

–              Other precious metals like platinum and palladium

–              Medical devices imported by international organisation and diplomatic missions