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Budget 2023 Live Updates: After every budget, a lot of things get cheap and a lot of things get expensive. After each budget, the government reduces and increases import duties on many goods. Which directly affects the pocket of the common man. We inform, this time also the government can announce an increase in import duties on many goods. Let’s know in detail –
Read here read the details of the 2023 budget
To further strengthen the self-reliant India campaign, the government may make various announcements. This time, the Finance Minister can increase the import duty by 35 items. According to the ET report, the government can increase or decrease the import duty on goods such as private planes, helicopters, some electronic items, plastic items, jewelry, and vitamins, etc.
The government can also announce the reduction of import duties on many goods in the budget. The government can announce a reduction in import duties to bring raw material easily. The Ministry of Commerce may announce a reduction in import duties on gold products and jewelry.
Finance Minister Nirmala Sitharaman will present the budget sometime from now. Everyone has high hopes for this budget. This budget comes at a time when the economic situation of the entire world is in crisis due to the war between Russia and Ukraine.