and 28 capital goods for mobile phone battery manufacturing from basic customs duty. Though the Budget removed seven tariff rates in basic customs duty (BCD), with cesses and surcharges ...

This policy change is expected to drive further investments in the EV and battery sectors, contributing to India's goal of becoming a global leader in sustainable technology. The customs duty ...

the government has exempted 35 additional goods from customs duty. Notably, batteries account for about 50% of the cost of EVs, making local battery manufacturing and sourcing a key factor in ...

(MENAFN- IANS) New Delhi, Feb 1 (IANS) The scrapping of basic customs duty on the import of lithium-ion battery scrap and capital goods – or the machinery used to manufacture lithium-ion ...

Recent guidelines on charging infrastructure and battery swapping could have taken mission mode with increase investor confidence and accelerate the transition to EVs,” Abhijeet Sinha ...

In a move to strengthen domestic manufacturing of lithium-ion batteries, the government has announced an expansion of the list of capital goods eligible for customs tax exemptions, during the ...

Finance Minister Nirmala Sitharaman has proposed to completely exempt colbalt powder and waste, lithium-ion battery scrap ... Sitharaman announced that customs duty on interactive flat panel ...

scraps of Lithium-ion battery, and 35 additional capital goods from customs duty, will help create a strong EV ecosystem in the country,” says Shailesh Chandra, President, SIAM and MD ...

New Delhi, Feb 1 The scrapping of basic customs duty on the import of lithium-ion battery scrap and capital goods – or the machinery used to manufacture lithium-ion batteries – will strengthen the ...