Budget 2022: Smartphones, Chargers Will Be Cheaper, But Earphones Will Be Expensive (Full List)

Union Budget 2022 has been announced by Finance Minister Nirmala Sitharaman, and there are some major changes in the overall cost of smartphones, and accessories such as chargers, earphones and headphones.

While the cost of Made in India smartphones and chargers will become less, the overall cost of earphones and headphones will become costlier.

The major focus of the budget announcement has been to push for infrastructural development that will pave the path for a sustainable growth.

Products That Will Become Expensive

Govt has raised the custom duty on several items, and as a direct result, these will become more costly:

• Headphones
• Earphones
• Loudspeakers
• Umbrella
• X-Ray machines
• Parts of electronic toys
• Smart meters
• Imitation jewellery
• Solar cells
• Solar modules

Products That Will Become Cheaper

At the same time, custom duty and taxes have been relaxed on several items, that will directly reduce the price of these products:

• Clothes
• Gemstones
• Diamonds
• Camera Lens for smartphones (This is the reason the price of smartphones will decrease)
• Frozen mussel
• Cocoa beans
• Methyl Alcohol
• Chemicals used in petroleum products
• Steel scrap

Checkout all the major highlights of the Union Budget 2022 here.

We scooped out the 5 most important updates related to Budget 2022, that every entrepreneur should be aware of.

And find out how entrepreneurs have reacted to the budget, right here.

We will keep you updated, as more details come in.