Government approves E- Vehicle policy to promote India as a manufacturing destination for EVs https://www.taxtmi.com/news?id=27398 The scheme conditions concessional customs treatment and import allowances on a minimum investment, staged domestic value addition (DVA) targets by specified deadlines, and commencement of local commercial production; aggregate duty relief and annual import limits are capped against the investment or incentive ceiling. Investment commitments must be secured by a bank guarantee, which may be invoked for failure to meet the DVA or minimum investment criteria. en-us Fri, 15 Mar 2024 14:15:17 +0530 Fri, 15 Mar 2024 14:15:17 +0530 TaxTMI RSS Generator Government approves E- Vehicle policy to promote India as a manufacturing destination for EVs https://www.taxtmi.com/news?id=27398 The scheme conditions concessional customs treatment and import allowances on a minimum investment, staged domestic value addition (DVA) targets by specified deadlines, and commencement of local commercial production; aggregate duty relief and annual import limits are capped against the investment or incentive ceiling. Investment commitments must be secured by a bank guarantee, which may be invoked for failure to meet the DVA or minimum investment criteria. News - Fri, 15 Mar 2024 14:15:17 +0530 https://www.taxtmi.com/news?id=27398