Budget 2023 - Cheaper v/s Costlier

Tax proposals reclassify consumer goods, making specified items categorised as cheaper or costlier under budget measures. Budget 2023 tax proposals adjust relative tax and levy treatment across listed consumer and capital goods by categorising specific items as becoming cheaper (e.g., toys, bicycles, mobile phones, LED TV, clothes, camera lens, gold, silver, lab grown diamonds, diamonds, shrimp feed, scholarly articles) or costlier (e.g., imported luxury cars and EVs, compounded rubber, cigarettes, lithium-ion cells for batteries, kitchen chimney). (AI Summary)