Here's a quick analysis from Jaitley's 2018-19 budget announcements

Last Updated: Tue, Jan 29, 2019 16:06 hrs
Arun Jaitley

The one major catch-phrase that captured the mood of the budget last year was calibrated departure.

The government proposed to reduce the customs duty on inputs and raw materials like solar tempered glass and certain medical devices to reduce costs.

Arun Jaitley in his fourth budget of 2018-19 said, “I am making a calibrated departure of the underlying trend to reduce the customs duty...,” Finance Minister Arun Jaitley said in his Union Budget speech. “To further incentivise value-addition and 'Make in India' in these sectors, I propose to increase the customs duty in certain items.”

Here is a video that explains in detail what became cheaper and what turned costlier:

Here is the full list of the changes made in customs duty:

Processed Foods

  • Orange fruit juice: 35 percent (30 percent earlier).
  • Other fruits and vegetables: 50 percent (30 percent).
  • Cranberry juice: 50 percent (10 percent).
  • Miscellaneous food preparations (other than soya): 50 percent (30 percent).
Perfumes And Toiletry
  • Perfumes and toilet waters: 20 percent (10 percent earlier).
  • Beauty and skin care preparations: 20 percent (10 percent).
  • Preparations for use on hair: 20 percent (10 percent).
  • Preparations for oral or denatal hygiene: 20 percent (10 percent).
  • Shaving/after-shave preparations, deodorants: 20 percent (10 percent).
  • Scents sprays and similar toilets sprays and mounts and heads; powder-puffs and pads for the application of cosmetic or toilet preparations: 20 percent (10 percent).
Automobiles And Auto Parts

  • Specified parts/accessories: 15 percent (7.5-10 percent earlier).
  • Completely knocked-down imports: 15 percent (10 percent)
  • Completely build units of motor vehicles: 25 percent (20 percent)
  • Truck and bus radial tyres: 15 percent (10 percent)
  • Silk Fabric: 20 percent (10 percent earlier).
  • Footwear: 20 percent (10 percent earlier).
  • Footwear parts: 15 percent (10 percent).
Diamonds, Precious Stones And Jewellery
  • Cut and polished coloured gemstones: 5 percent (2.5 percent earlier).
  • Lab grown, semi-processed, half-cut or broken diamonds: 5 percent (2.5 percent).
  • Imitation jewellery: 20 percent (15 percent).
Electronics And Hardware
  • Mobile phones: 20 percent (15 percent earlier).
  • Mobile phone parts and accessories: 15 percent (7.5-10 percent).
  • Printed circuit boards assembly and moulded plastics of mobile phone. charger/adapter: 10 percent (Nil).
  • Inputs/parts to make PCBAs, moulded plastics: Exempt now.
  • Smart watches/wearables: 20 percent (10 percent).
  • LCD/LED/OLED panels and other parts: 15 percent (7.5-10 percent).
  • 12 specified parts for LCD/LED TV panels: Introduced 10 percent.
  • Preform of silica used to make telecom-grade optical fibre/cable: Introduced 5 percent.
  • Seats and parts (except aircraft seats/parts): 20 percent (10 percent earlier).
  • Other furniture and parts: 20 percent (10 percent)
  • Mattresses supports, articles of bedding and similar furnishing: 20 percent (10 percent)
  • Lamps and illuminated signs, name plates, etc: 20 percent (10 percent).
Watches And Clocks
  • Wrist, pocket and other watches: 20 percent (10 percent earlier).
  • Clocks with watch movements: 20 percent (10 percent).
  • Other clocks, including alarm clocks: 20 percent (10 percent).
Toys And Games
  • Tricycles, scooters, pedal cars and similar wheeled toys; dolls’ carriages other toys, puzzles of all kinds: 20 percent (10 percent earlier).
  • Video game consoles/machines, articles for funfair, table or parlor games and automatic bowling alley equipment: 20 percent (10 percent).
  • Festive, carnival or other entertainment articles: 20 percent (10 percent).
  • Article and equipment for sports or outdoor games, swimming pools and paddling pools; fish landing nets, butterfly nets and similar nets, decoy birds and similar hunting and shooting requisites: 20 percent (10 percent).
  • Roundabouts, swings, shooting galleries and other fair-ground amusements: 20 percent (10 percent).
  • Candles, tapers and the like: 25 percent (10 percent earlier).
  • Kites: 20 percent (10 percent).
  • Sunglasses: 20 percent (10 percent).
  • Date, sealing or numbering stamps, and the like: 20 percent (10 percent).
  • Cigarette lighters and other lighters, their parts other than flints and wicks: 20 percent (10 percent).
  • Solar tempered glass for manufacture of solar cells/panels/modules: Exempt now (5 percent earlier).
  • Raw materials, parts or accessories for making cochlear implants: Exempt now (2.5 percent).
  • Cashew nuts in shell (raw cashew): 2.5 percent (5 percent).
Edible Vegetable Oils
  • Crude edible vegetable oils like groundnut, olive, cotton seed, safflower seed, Saffola, coconut, palm kernel/babassu, linseed, maize cord, castor and sesame, and other fixed vegetable fats: 30 percent (12.5 percent earlier).
  • Refined edible vegetable oils of the same kind: 35 percent (20 percent).
Refractory Items
  • Articles of stone containing magnesite, dolomite or chromite: 7.5 percent (10 percent earlier).
  • Bricks, blocks, tiles and other ceramic goods of siliceous fossil meals or of similar siliceous earths: 7.5 percent (5 percent).
  • Other refractory ceramic goods: 7.5 percent (5 percent).

    Finance minister Arun Jaitley has presented five budgets. Although he was expected to deliver the interim-budget of 2019, he was forced to visit the US owing to his medical conditions. Piyush Goyal would be reportedly be delivering the interim-budget announcement.

    Here is a snapshot of the budgets presented by the Modi-Jaitley combine.

    If you are keen to understand the key highlights, then do give this video a watch: