Basic customs duty exemption for lithium-ion cell manufacturing material imports

The Indian Ministry of Finance provided basic customs duty (BCD) exemptions on the import of capital goods and machinery for the manufacturing of lithium-ion cells, to be used for electric vehicles. Duties for lithium ion cells previously ranged between 5% to 20%. This measure was announced in the 2023-24 Annual Budget and remains in effect until at least March 31, 2024.

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