Tobacco consumers and smokers will now have to shell out more money from their pockets to purchase cigarettes and other tobacco related products, as the Arun Jaitley's continued to impose tax on these items in his 2017-18 budget.
On the other hand the Finance Minister made sure to cut duties on solar tempered glass, fuel cell-based power generating systems and wind operated energy generator. Thus making clean energy sources more affordable. However Parts used for manufacture of LED lights will attract basic customs duty of 5 per cent and CVD of 6 per cent.
Items such as LED lamps, solar panels, printed circuit boards for mobiles, micro ATMs, finger-print machines and Iris scanners will potentially become cheaper. Excise duty on non-filter cigarettes of length not exceeding 65 mm raised to Rs 311 per thousand from Rs 215 per thousand. Similarly cigars and cherooks will also become costlier as excise duty on cigar, cheroots has been hiked to 12.5 per cent or Rs 4006 per thousand, whichever is higher, from 12.5 per cent or Rs 3,755 per thousand.
All cars, including SUVs, to cost more as the Government has imposed a 4 per cent infrastructure cess on petrol, diesel, CNG and LPG-run cars. The small diesel car will have to shell out 2.5 per cent cess.
However "Centre, through the Central Board of Excise and Customs, shall continue to strive to achieve the goal of implementation of GST (Goods and Services Tax) as per schedule without compromising the spirit of co-operative federalism,” Arun Jaitley said while presenting the budget i
