Cigarettes, smartphones, SUVs to cost more
New Delhi-Sports utility vehicles, imported cars and motorcycles, high-end mobile phones, eating out at air-conditioned restaurants and cigarettes will become costlier with Finance Minister P Chidambaram deciding to impose higher taxes on these items.
Smoking is going to be costlier by more than 15%, with the Budget increasing taxes on regular-sized cigarettes and cigars by 18%. With the hike, a pack of 20 Classic cigarettes, which is currently sold at Rs 116, is expected to cost around Rs 130, while a pack of ten Gold Flake cigarettes of 69 mm length, which costs Rs 48, is likely to become Rs 55.
On the other hand, there is good news for ladies as far as jewellery is concerned as they will be allowed to bring more duty free gold items provided they have stayed out of India for more than year.Moreover, branded apparels will become cheaper as there will be zero excise duty on the item. Carpets and other textile floor coverings of coir or jute will also become less expensive as they have been fully exempted from excise duty. PTI/More Details