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With the hopes to get some relief from income tax, the common man waited for the Union Budget 2022. Yesterday, the wait was over but the hopes remain unfulfilled. The budget was called by many big leaders as ‘Zero Budget’ for the common man.
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Union Budget 2022 raises tax imposed on imports and exports which will increase the price of certain goods such as:
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10 Things That Got Cheaper In Union Budget 2022
While a few products will cost you more, the new customs duty will make these 10 products cheaper.
<figcaption class="pl-caption>via:weddingwire
1. Artificial jewelry as custom duty on cut and polished diamonds is reduced by 5%
2. Pistachios
3. Soft Dates
4. Imported fruits like lemons, oranges, fresh grapes, pears, and quinces
5. Spices like pepper and clove also see a reduced price due to a reduction of 30% in import duty. It was earlier 70% on these spices
6. Import duty on cashew nuts is cut to 2.5%
7. Cocoa beans
8. Broadband internet
9. Mobile phones and laptops
10. Dog and cat food
However, there will be no immediate change in the price of these items. The effect will be applicable from May 1, 2022.
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