These changes make some items costlier and others cheaper as the relevant tariff rates increase or decrease. Also read | Union Budget 2026 LIVEHere is what will get cheaper as laid out in the Budget for 2026-27:The Basic Customs Duty (BCD) on 17 new drugs and medicines has been slashed to nil in this year’s Budget. Union Budget 2026 industry reactions LIVE: Budget takes meaningful steps towards aatmanirbharta, says Mahindra Group CEOHere are the products that will tentatively get costlier:Umbrellas and their parts will now attract a specific minimum duty, making cheap imports costlier. The price of cigarettes, pan masala, and other tobacco products will rise as an additional excise duty and a health cess kicks in. Futures and options trading is also set to become more expensive after proposals announced in the Union Budget 2026.

Source: The Hindu February 01, 2026 11:59 UTC