Budget 2012: What becomes costlier and cheaper

Finance Minister Pranab Mukherjee proposed to raise excise duty to 12 per cent from 10 per cent and a similar hike in service tax rate while presenting the Union Budget 2012-13 on Friday.

A look at what things will be costlier and which ones will be cheaper following the Budget.

COSTLIER

• Two-wheelers
• Cars
• Commercial vehicles
• Refrigerators
• Air-conditioners
• Washing machines
• Watches
• Soaps
• Cosmetics
• Homecare items
• Cigarettes and bidis
• Packaged food items
• Pan masala and chewing tobacco
• Unbranded precious metal jewellery
• Imported luxury vehicles
• Imported bicycles and bicycle parts
• Imported digital still cameras
• Imported gold bars and coins of certain categories, platinum
• Imported cut and polished coloured gem stones
• Air travel, eating out at restaurants and hotel stays

CHEAPER

• Mobile phone parts
• Branded silver jewellery
• Branded garments
• Imported LCD and LED TV panels of over 20 inch matches
• Footwear below Rs 500
• Adult diapers
• Soya protein food products
• Probiotics
• Writing instruments
• Imported medical equipment