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of <h1>Customs Notification No. 50/2017 Amended to Lower Tariffs on Imported EVs, Boosting Local Manufacturing Initiatives.</h1> The notification amends No. 50/2017-Customs to provide concessions for electric vehicles (EVs) imported under the Ministry of Heavy Industries' scheme promoting electric passenger car manufacturing in India. It revises tariff rates for EVs imported as knocked down kits or other forms, with varying duties based on the condition and value of the imports. The amendment includes specific conditions for importers, requiring certification from the Ministry of Heavy Industries and adherence to scheme limits. These changes aim to incentivize EV manufacturing and importation, with certain provisions expiring on March 31, 2031.
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