The government's exemption of basic customs duty on materials needed for lithium-ion batteries aims to lower EV production costs, encouraging a local manufacturing ecosystem. This move will reduce ...

Chennai: Lithium-ion battery and electronics manufacturing received a much-needed push with the Budget exempting 35 capital goods for EV battery manufacturing, and 28 capital goods for mobile ...

Positive move on critical minerals and Basic Custom Duty exemption for EV batteries to promote EV battery manufacturing in India and positive for battery chemical manufacturers, highlighted Jain.

Finance minister Nirmala Sitharaman announced duty exemptions on capital goods used in manufacturing lithium-ion batteries to boost domestic production essential for electric vehicles and mobile ...

lithium-ion battery scrap, lead, zinc and 12 other critical minerals in Budget 2025. Sitharaman said that the duty exemption will help ensure the availability of these minerals for manufacturing ...

Finance Minister Nirmala Sitharaman has announced a customs duty exemption on lithium-ion battery scrap in the Union Budget 2025, aiming to reduce costs and encourage domestic production in the EV ...

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 ...

aimed at strengthening domestic manufacturing in the Electronics and battery sectors. In a series of calculated moves, the government has adjusted Basic Customs Duty (BCD) rates to support local ...

FM Nirmala Sitharaman has announced that the government will fully exempt Basic Customs Duty (BCD ... the scrap of lithium-ion battery, lead, zinc and 12 more critical minerals.

Union Finance Minister Nirmala Sitharaman announced measures in the Union Budget to rationalise Customs Duty structure for ... additional 35 items for EV battery manufacturing, 28 additional ...

In column (3), the term “Ammunition” is omitted, and a new category is introduced for ammunition related to the listed goods. These changes aim to refine tariff classifications and import duty ...