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Budget 2011: What's cheaper, what's costlier!

  • CHEAPER Mobile phones: Cut in import duties of raw material for mobile phones. Perhaps mobile phones may cost a little less now.
  • Steel prices to come down.
  • Cars: Cars could either cost less or their prices might remain the same as the finance minister has not made any change in excise duty rates.
  • Hybrid cars: Duty reduced on hybrid & electric cars along with batteries imported for such vehicles.
  • Basic food: Basic food and fuel to be exempted from central excise duty.
  • Jewellery: Precious stones, gold and silver jewellery to be exempted from central excise duty.
  • LEDs: LEDs (light-emitting diodes) to cost less. Perhaps some electronic goods that require LEDs will cost less. 
  • Raw silk: Basic customs duty on raw silk reduced from 30 to 5 per cent
  • Farm equipment: Basic customs duty on agricultural machinery reduced to 4.5 per cent from 5 per cent
  • Branded clothes: Branded clothes may cost more.
  • Air travel: Air carriers to pay Rs 50 service tax for domestic travel, Rs 250 on international travel
  • Big hospitals: Air-conditioned hospitals with more than 25 beds under service tax
  • Health check-ups: Service tax net extended to include health check-ups.
  • Individual taxpayers will now get income tax exemption till an annual income of Rs 1.8 lakh (Rs 180,000).

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