Sitharaman proposes to cut duty on capital goods used in lithium-ion battery production

Sitharaman proposes to cut duty on capital goods used in lithium-ion battery production https://www.taxtmi.com/news?id=32319 Proposal to extend duty exemptions on capital goods for lithium-ion battery production by adding specified additional exempted items for EV and mobile phone battery manufacturing, and to fully exempt Basic Customs Duty on cobalt powder, lithium-ion battery waste and scrap, and other critical minerals to reduce input costs, secure raw material availability, and promote domestic manufacturing and supply-chain localisation. en-us Sat, 01 Feb 2025 13:01:03 +0530 Sat, 01 Feb 2025 13:01:03 +0530 TaxTMI RSS Generator Sitharaman proposes to cut duty on capital goods used in lithium-ion battery production https://www.taxtmi.com/news?id=32319 Proposal to extend duty exemptions on capital goods for lithium-ion battery production by adding specified additional exempted items for EV and mobile phone battery manufacturing, and to fully exempt Basic Customs Duty on cobalt powder, lithium-ion battery waste and scrap, and other critical minerals to reduce input costs, secure raw material availability, and promote domestic manufacturing and supply-chain localisation. News - Sat, 01 Feb 2025 13:01:03 +0530 https://www.taxtmi.com/news?id=32319