Budget 2019: List of what will get cheaper

July 2019: Finance Minister Nirmala Sitharaman on Friday presented her maiden Budget and the first of the second term of Narendra Modi government. Here is the list of items that are set to become cheaper once the Budget 2019-20 proposals come into effect:

• Electric vehicle components
• Camera module and charger of mobile phones
• Set top box
• Import of defence equipment, not manufactured in India

To further promote domestic manufacturing, the budget has reduced customs duty on certain raw materials and capital goods. These include amorphous alloy ribbon, ethylene di-chloride, propylene oxide, cobalt matte, naphtha, wool fibres, inputs for manufacture of artificial kidney and disposable sterilised dialyser, and fuels for nuclear power plants. To further incentivise e-mobility, customs duty is being exempted on certain parts of electric vehicles. Customs duty is also being exempted on capital goods required for manufacture of specified electronic goods.