Union Finance Minister Nirmala Sitharaman has introduced the budget (Budget 2024) in Parliament. In his speech, the Finance Minister has made many such announcements with big announcements for employment, skill development, which has brought great relief to the people. In the budget speech, it has been said to cut gold and silver custom duty while making big announcements. Also, to reduce the prices of mobile phones and charger, the government has reduced custom duty on mobile and charger from 20% to 15%. That is, now 5% less will have to be paid on the purchase of mobile phones and charger.
Now this question will definitely be in your mind that after the price decreases by 5%, how much the phone or charger can be purchased. So we answer your question in easy words. Suppose a phone costs Rs 20,000.
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The duty on this was 20%. That is, Rs 4,000 according to 20% of 20 thousand. After getting 4 thousand rupees custom duty, the price of the phone becomes Rs 24,000, which you had to pay earlier.
At the same time, after 5% reduction, the phone of Rs 20,000 will be charged a custom duty of 15%. If you withdraw 15% of 20 thousand, then it is made Rs 3,000, due to which the price of the phone becomes Rs 23,000.
For example, earlier the phone for which you had to spend Rs 24,000, now you have to spend Rs 23,000. In this way your 1,000 rupees will be saved.
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How much charger will you get?
If you talk about charger like a mobile phone, then if the price of a charger is Rs 1,000 and it costs 20% custom duty, then 20% of Rs 1000 becomes Rs 200. So earlier you had to spend 1200 rupees.
At the same time, if you withdraw 15% of Rs 1,000 after the custom duty is reduced, then they will become 150 rupees. In this way, the price of charger is Rs 1150. Earlier, the charger for which you had to spend 1200 rupees, now it has to spend 1150 rupees for it.
That is, on the purchase of a 20,000 phone, customers can save about 1000 rupees and Rs 50 on the purchase of charger of Rs 1,000.
