NEW DELHI: Pranab Mukherjee, while presenting the Union Budget 2012-2013 proposed to increase duty on large cars and refined gold and remove any duty on import of silver. Here is a look at what goes up and what goes down.
Almost all the manufactured items used in every day life will become costlier, while luxury cars, gold, eating out at restaurants or hotel accommodation will become even more expensive after a steep hike in tax rates proposed in Budget 2012-13.
WHAT GOES UP
ACs
Gold jewellery
Refrigerator
Luxury cars
Air travel
Telephone bills
Sport Utility Vehicles
Cigarettes
Handrolled beedis
Platinum jewellery
Diamond jewellery
Emerald
Ruby
Branded retail garments
Eating out at restaurants
Hotel accommodation
Hiring a law firm
WHAT GOES DOWN
Cinema and films
LCDs and LEDs
Imported bicycles
Housing society charges
LPG
Mobile phones
School education
Iron ore equipment
Medicines for treating cancer and HIV Processed food
Iodised salt
Match boxes
Soya products
Solar power lamps
LED bulbs
Natural gas
Uranium for generation of electricity
Full Coverage on Budget 2012: Budget 2012» Budget News 2012»
