Import duty will be reduced from 12.5% to 7.5%
Gold and silver prices will fall
Jewellery will be available at low prices
What gets cheaper:
Steel bars, utensils, nylon clothing …
Copper materials, insurance, electricity
Import duty on non-alloy, alloy and stainless steel is 7.5%
What gets costlier:
Compressors, raw silk, spandex fiber ….
LED lights, solar lights, mobile phones, power banks
100% agri cess for alcohol
The price of imported liquor will also go up
