The finance minister announced that to promote the adoption of cleaner transport alternatives, the government has decided to exempt capital goods and machinery required to manufacture lithium-ion cells for batteries used in EVs. Custom duty on lithium-ion batteries themselves has further been reduced from 21 percent to 13 percent on commodities except for textiles and agriculture.
from Times of India https://ift.tt/5km37h2
from Times of India https://ift.tt/5km37h2
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