As per the Union Budget 2024, the customs duty on specified telecom equipment have been increased to 15% from 10%.
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Plastic products
Finance Minister Nirmala Sitharaman has announced that the custom duty on non-degradable plastic has risen to 25%.
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Petrochemicals like PVC
As per the new Union Budget 2024, the customs duty on petrochemicals like polyethylene, polypropylene, and polyvinyl chloride (PVC), has risen to 10% from 7.5%.
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Air travel
Due to increased tax collection at source (TCS) announced by FM Sitharaman under Union Budget 2024, air travel and abroad travel has gotten more expensive.
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Ammonium Nitrate
Ammonium Nitrate is used in explosives for mining. The customs duty has been increased to 10% on ammonium nitrate.