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
Clarification Sought on Concessional Rate for Battery Raw Materials Under Notification 50/2017-Cus, Entry No 512.85 A discussion on a forum addresses whether imported raw materials for battery manufacturing in India qualify for a concessional rate under Notification 50/2017-Cus. The query seeks clarification on whether these materials fall under the specified exemption, particularly Entry No 512.85. Responses by participants request further details about the specific raw materials being imported, such as whether they include plastic granules for battery casing or lithium components, to determine eligibility for the exemption. (AI Summary)