Here's What's Cheaper And What's Costlier After Budget 2025.

Since the Union Budget 2025 announced by Finance Minister Nirmala Sitharaman has brought some major changes to the prices of various items, there are things which are going to get major price differences.

Finance Minister Nirmala Sitharaman presented her eighth consecutive Union Budget, which focuses on 10 key areas, including agriculture, manufacturing, employment, and innovation.

What’s Cheaper?

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Several essential items have become cheaper due to reductions or exemptions in customs duties. Here are some of the items that will cost less:

• 36 life-saving cancer drugs: Exempted from Basic Customs Duty.
• 37 more medicines: Proposed to be exempted from Basic Customs Duty.
• Fish pasteurii: Basic Customs Duty reduced from 30% to 5%.
• Fish hydrolysate: Basic Customs Duty reduced from 15% to 5%.
• Chemical compounds: Basic Customs Duty reduced from 10% to 7.5%.
• Synthetic flavoring essences: Basic Customs Duty reduced from 100% to 20%.
• Cobalt products, LED, zinc, lithium-ion battery scrap, and 12 critical minerals: Fully exempted from Basic Customs Duty.
• Platinum findings: Basic Customs Duty reduced from 25% to 6.4%.
• Raw materials for ship manufacturing: Exempted from Basic Customs Duty for another 10 years.
• Wet blue leather: Fully exempted from Basic Customs Duty.
• Raw materials for wired headsets, microphones, and receivers: Exempted from Basic Customs Duty.
• Ethernet switches: Basic Customs Duty reduced from 20% to 10%.
• Motorcycles with engine capacity up to 1600 CC: Basic Customs Duty reduced from 50% to 40%.
• Motorcycles with engine capacity above 1600 CC: Basic Customs Duty reduced from 50% to 30%.
• Crust leather (hides and skins): Export duty reduced from 20% to 0%.

What’s Costlier?

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On the other hand, some items have become costlier due to increases in customs duties. Here are some of the items that will cost more:

• Knitted fabrics: Basic Custom Duty increased from 10/20% to 20% or ₹115 per kg, whichever is higher.
•  Interactive flat panel displays: Basic Customs Duty increased from 10% to 20% to rectify the inverted duty structure.
• Provisional assessment: Time limit fixed at two years.