Union Budget 2022: 'Horse Trading' Made Free, Kaju to Khajur & Nighties To Trousers Cheaper

When it comes to Budget Day, the lenses will be out to scan the proposals made by the Finance Minister keeping in mind more about the fact - how much money an individual can save post the budget.

Union Finance Minister Nirmala Sitharaman presented her fourth budget on Tuesday. In her budget, a lot of tinkering has been affected in the custom tariff rates. The FM has taxed high where that hurts Indian local industries and has gone liberal where the imports as inputs are critical for Indian industries to run the show.

An interesting budget trivia to fore is, when horse-trading has been the much-abused word in political circles, the budget has brought the 30 percent customs tariff rate to zero on purebred horses - a boost to real jockeys.

More so, the budget has slashed tariffs on many dry delicacies like Khajurs (sweet dates) to Kajus (Cashew nuts) and many more. Look at the big save offers.  

The Savers - Food  Sector

• Custom tariff brought down to 2,5 percent from 30 percent on cashew nuts, in shell.
• From 30 to 20 percent on Soft dates (khayzur or wet dates), hard dates (chhohara or kharek dates)
• Imported oranges, lemon, limes, fresh grapes, pears, quinces.
• Long pepper tariff down to 30 percent from70 percent.
• Jowar, Bajra and Ragi
• Sweet Biscuits
• Pet foods

Home Furnishings

• Carpets and other textile floor coverings whether or not made up of wool or fine animal
  hair, nylon, other textiles.
• Towels
• Electric Blankets, Blankets
• Bed linen - knitted or crocheted
• Curtains

FM Nirmala Sitharaman has given a budget for women to rejoice.

• FM Sitharaman has reduced the custom tariff to 10 percent from 25 percent on Women’s or girl’s night dresses and pyjamas, made of silk.
• If the nighties and pyjamas are made of other textile materials, the tariff stands slashed at 20 percent from 20 percent.
• Custom tariff down to 20 percent on Women’s or girl’s bathrobes, dressing gowns
  etc., of cotton, silk, other textiles and synthetic fibres.
• The tariff stands slashed to 10 percent from 25 percent on women’s or girl’s bathrobes, dressing gowns etc., of wool or fine animal hair.
• With tariffs down to 20 percent, women’s or girl’s overcoats, car-coats, raincoats, capes, cloaks and other similar articles, of wool and fine animal hair.
• Custom tariff cut to 20 percent on women’s or girl’s blouses, shirts and shirt
  blouses, of silk or silk waste.
• Skirts or divided skirts.
• Undergarments
• Swimwears made up of silk
• Tracksuits
• Overcoats
• Shawls, scarves
•  Odhani, cotton and others

Budget For Men

• Shirts made up of wool, other textiles, cotton, man-made fibres
• T-shirts, vests
• Undergarments
• Jerseys, Pullovers
• Swimwears
• Tracksuits
• Overcoats
• Trousers
• Handkerchiefs
• Gloves
• Jackets
• Blazers

The budget has slashed the Custom tariff on baby garments also.

Others

• Rough ophthalmic blanks, for the manufacture of optical lenses
• Unworked natural pearls
• Unworked cultured pearls
• Specified non-electric instantaneous or storage
  water heaters
• Air separators, purifiers, cleaners, etc.
• Parts of electric motors or generators