Budget 2021: Agri cess proposed on Petrol, diesel & gold; to not impression customers

New Delhi: Union Finance Minister Nirmala Sitharaman has introduced the imposition of Agriculture Infrastructure and Development Cess (AIDC) of Rs 2.5 per litre on petrol and Rs 4 per litre on diesel.
However, there can be no further burden on the patron total as Sitharaman throughout Budget presentation additionally proposed to scale back Basic Customs Duty on these things.
“I propose an Agriculture Infrastructure and Development Cess (AIDC) on a small number of items. However, while applying this cess, we have taken care not to put additional burden on consumers on most items,” Finance Minister Sitharaman stated in her Budget speech.

“Consequently, unbranded petrol and diesel will attract basic excise duty of Rs 1.4, and Rs 1.8 per litre respectively. The Special Additional Excise Duty (SAED) on unbranded petrol and diesel shall be Rs 11 and Rs 8 per litre respectively. Similar changes have also been made for branded petrol and diesel,” she added.
Sitharaman stated that an AIDC of Rs 2.5 per litre has been imposed on petrol and Rs 4 per litre on diesel.
However, blended gas– M-15 petrol and E-20 petrol — will likely be exempted from cesses and surcharges on the traces of different blended fuels (like E-5 and E-10) if these blended fuels are made from obligation paid inputs, Sitharaman stated.

Here’s a listing of what received pricey and what received cheaper:
Costlier:
Electronics merchandise
Mobile
Charger
Leather shoe
Kabuli chana
Pulses
Urea
Auto elements
Gems
Cheaper:
 Iron
metal
nylon garments
copper objects
insurance coverage
electicity
metal utensils
Dry cleansing
Agricultural tools
Here is full textual content of Nirmala Sitharaman’s speech: