Budget FY19: Price up, down

FT ONLINE

Different products would be costlier and cheaper as finance minister A M A Muhith on Thursday in the new budget proposed some changes to tariff on those.

Besides, the finance minister also proposed to impose 5 percent VAT on e-commerce and digital business platforms such as facebook, google, youtube etc in the budget for fiscal 2018-19.

Price would be decreased: locally assembled cellular phone, cheap loaf, bread, buns, handmade biscuits and cakes, cheap sandals and slippers made of rubber and plastic, hybrid motor car, raw material of motorcycle, tyre and tube, filled milk powder, refrigerator, air-conditioner and compressor, raw material of active pharmaceutical ingredient, software and ball point pen.

On the other hand, price would be increased: imported mobile and other battery charger, energy drinks, coffee, Green Tea, sugar confectionary, UPS/IPS (capacity up to 2,000 VA), voltage stabilizer (capacity up to 2,000 VA), automatic circuit breakers, lamp-holders, used/old vehicle and bicycle, cosmetic and beauty products, toiletries, perfumes (except attar), body sprays and similar items (except automatic vapour), cigarette and bidi, bathtubs, zacuji and shower trays, all kind of polythene and plastic bags etc.