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Union Budget 2026: 9 things consumers should know
The Times Of India· 2026-02-02 05:20
Customs Duty Changes - Effective customs duty on goods imported for personal use has increased from 10% to 11%, impacting various consumer goods [2][3] - The Basic Customs Duty on certain parts of microwave ovens has been reduced from 20% to zero, potentially lowering prices for consumers [3][4] - The Basic Customs Duty on CD-ROMs containing educational materials has increased from zero to 10%, making these products more expensive [4] Price Impacts on Specific Products - The price of an OMEGA Speedmaster Moonwatch CHRONO is expected to rise by approximately Rs 8,000, now costing around Rs 8,04,384 [2] - A Sony Playstation PS5 will now cost around Rs 53,000, an increase from approximately Rs 50,000 due to higher customs duty on manufacturing parts [2] - The price of a Kindle e-reader is projected to increase by approximately Rs 1,200, now costing around Rs 20,000 [3][4] - The cost of a pack of FRIENDS 10 adult diapers will increase by approximately Rs 20, now priced at around Rs 500 [4] Exemptions and Savings - Seventeen additional cancer drugs are now exempt from customs duty, potentially reducing the cost of treatments significantly, such as Tremelimumab, which could become cheaper by nearly Rs 2,60,000 [2] - An imported MacBook Pro 14 could save consumers around Rs 45,000 due to the removal of a 35% customs duty on personal imports [2] - The enhanced duty-free jewelry allowance allows for savings of around Rs 35,000 on an imported 40-gram gold chain [2]