Budget 2026: Know The List Of Items That Got Cheaper

Her Ninth Budget

As Union Finance Minister Nirmala Sitharaman on Sunday was presenting the Budget 2026-27, as eyes were on what items will get cheaper for the consumers and businesses.

Essential cancer medicine

Cancer and diabetes medicines will be cheaper. Rs 10,000 crore have been kept for Biopharma Shakti Yojana. The Finance Minister on Sunday announced the exemption of basic customs duty on 17 cancer-related drugs and medicines.

Overseas tourism packages

Nirmala Sitharaman also proposed to reduce the TCS rate on the sale of overseas tour packages. The rate will be cut from the current 5 per cent and 20 per cent to 2 per cent.

Microwave ovens

Finance Minister announced exemption from the basic customs duty (BCD) on specified parts used in the microwave oven manufacturing..

Leather goods

Duty-free imports of specific inputs currently available for exports of leather were announced by Finance Minister Nirmala Sitharaman during the budget. I also propose to allow duty-free imports of specified inputs which is currently available for exports of leather or synthetic footwear to exports of shoe uppers as well, she said.

Solar glass ingredients

The Union Finance Minister has proposed the basic customs duty (BCD) exemption on Solar glass ingredients.

Overseas Education

The Finance Minister during her speech also proposed to reduce the TCS (Tax Collected at Source) rate from current 5 per cent to 2 per cent for education and medical education under the Liberalised Remittance Scheme (LRS).

Smartphones and tablets made in India

Smartphones and tablets that are assembled in India are likely to get cheaper. Several components used in mobile phone manufacturing will now attract lower tariffs, which could bring down their prices.