INTIEAIndia · Customs duty exemptions on import of critical mineralsPolicyIn force

Customs duty exemptions on import of critical minerals

India's FY 2024-2025 budget reduces basic customs duty on imports of graphite, silicon quartz, and silicon dioxide, and fully exempts duty on 26 critical minerals including antimony, beryllium, bismuth, cobalt, copper, gallium, germanium, hafnium, indium, lithium, molybdenum, niobium, nickel, potash, rare earth elements, rhenium, strontium, tantalum, tellurium, tin, tungsten, vanadium, zirconium, selenium, cadmium, and silicon to support domestic industrial supply chains.

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Country / jurisdiction: India · Year: 2024 · Status: In force · Level: National · Type: Voluntary

In its national budget for financial year (FY) 2024-2025, India reduced the basic customs duty on the import of graphite, silicon quartz and silicon dioxide and fully exempted the basic customs duty on the import of 26 critical minerals listed below:

Antimony

Beryllium

Bismuth

Cobalt

Copper

Gallium

Germanium

Hafnium

Indium

Lithium

Molybdenum

Niobium

Nickel

Potash

REE

Rhenium

Strontium

Tantalum

Tellurium

Tin

Tungsten

Vanadium

Zirconium

Selenium

Cadmium

Silicon, other than Quartz and Silicon Dioxide.

Official source: https://www.indiabudget.gov.in/doc/Finance_Bill.pdf

Source

https://www.iea.org/policies/31621

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