Seeks to further amend notification No. 50/2017-Customs dated 30th June, 2017 to prescribe effective BCD rate on Electric Vehicle (EV) and their specified part and raw material for manufacture of Lithium ion cells

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....ollowing further amendments in the notification of the Government of India, Ministry of Finance (Department of Revenue), No. 50/2017-Customs, dated the 30th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 785(E), dated the 30th June, 2017, namely:- In the said notification, in the Table, (i) against S. No. 495, (a) in column (2), for the words "Any Chapter", the figures "8507" shall be substituted; (b) in column (4), for the words "Nil", the figures "5%" shall be substituted; (ii) against S. No. 512, for the entry in column (3), the following entry shall be substituted, namely: - "(a) Parts, components and accessories except: - (i) Lithium ion cell (falling under ....

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.... on a chassis or a body assembly 15% - - (2) in a form other than (1) above 25% - -"; (vi) against S. No. 526, in column (3), after the words, "Motor vehicles and other motor vehicles", the brackets and words "(excluding electrically operated vehicles)" shall be inserted; (vii) after S. No. 526 and the entries relating thereto, the following S. No. and entries shall be inserted, namely:- (1) (2) (3) (4) (5) (6) "526 A 8703 Electrically operated Motor cars and other motor vehicles, principally designed for the transport of persons (other than those of heading 8702), including station wagons and racing cars, if imported,- (1) As a Knocked Down kit containing all the necessary components, parts or sub-assemblies, for assembl....

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....(xi) against S. No. 529, in column (3), the entry against item no. (i) shall be omitted; (xii) against S. No. 531, in column (3), after the words, "an auxiliary motor,", the brackets and words, "(excluding electrically operated motor cycles and cycles)" shall be inserted; (xiii) after serial number 531 and the entries relating thereto, the following S. No. and entries shall be inserted, namely:- (1) (2) (3) (4) (5) (6) "531 A 8711 Electrically operated motor cycles (including mopeds) and cycles fitted with an auxiliary motor, with or without side cars, and side cars, if imported, - (1) As a knocked down kit containing all the necessary components, parts or sub-assemblies, for assembling a complete vehicle, with,- (a) disassembl....