https://www.taxtmi.com/news?id=32318 The budget proposes full exemption of customs duties on twenty-five critical minerals and reductions on others to support domestic refining and strategic industries; exemptions extend to cobalt products, lithium ion battery scrap, lead, zinc and wet blue leather, and additional capital goods are added for EV and mobile battery manufacturing. It continues BCD exemptions for shipbuilding inputs, adjusts BCD to correct inverted duty structures, and fully exempts or concessionalizes BCD on specified life saving drugs and their bulk drugs to improve patient access. en-us Sat, 01 Feb 2025 13:01:03 +0530 Sat, 01 Feb 2025 13:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=32318 The budget proposes full exemption of customs duties on twenty-five critical minerals and reductions on others to support domestic refining and strategic industries; exemptions extend to cobalt products, lithium ion battery scrap, lead, zinc and wet blue leather, and additional capital goods are added for EV and mobile battery manufacturing. It continues BCD exemptions for shipbuilding inputs, adjusts BCD to correct inverted duty structures, and fully exempts or concessionalizes BCD on specified life saving drugs and their bulk drugs to improve patient access. News - Sat, 01 Feb 2025 13:01:03 +0530 https://www.taxtmi.com/news?id=32318