INTIEAIndia · Basic customs duty exemption for lithium-ion cell manufacturing material importsPolicyIn force

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…

Last changed 2 years ago.

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Country / jurisdiction: India · Year: 2023 · Status: In force · Level: National · Type: Voluntary

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.

Official source: https://pib.gov.in/PressReleasePage.aspx?PRID=1895283

Source

https://www.iea.org/policies/18756

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