If a company is importing raw material for manufacture of battery in India then whether it qualifies for following exemption of Import of goods at concessional rate under Notification 50/2017-Cus (erstwhile 12/2012):
Entry No 512. 85 or any other Chapter
(a) Parts, components and accessories except populated printed circuit boards for use in manufacture of lithium-ion batteries other than batteries of mobile handsets including cellular phones falling under tariff item 8507 60 00;
(b) Sub-parts for use in manufacture of items mentioned at (a) above.
Will raw material qualify under above entry??
Thanks