Govt of India notifies phased import duty hike on electric PV parts, lithium-ion cells

With the intention of promoting domestic manufacturing of EVs, Indian Government has notified phased increase in basic customs duty on parts of electric passenger vehicles to be assembled in India to 15% from Apr-20 and 10% on imported lithium-ion cells by Apr-21
As per the road map under the phased manufacturing programme (PMP), it plans to double the basic customs duty on CBU (completely built units) of electric buses and trucks to 50% effective Apr-20.
Basic customs duty on parts used in manufacturing electric vehicles (EVs) like AC or DC charge(r, motor and motor controller; power control unit, among others, will also be increased to 15% from NIL at present starting from Apr-21, as the Centre eyes to promote mass adoption of EVs through schemes like FAME II to be rolled out from April.
Effective Apr-21, the basic import duty on battery packs used in manufacturing electric vehicles will also be increased to 15% from the current 5% and would be doubled to 10% on lithium ion cells used in manufacturing of lithium ion accumulator.

To read more click on:
https://www.autojobs4u.com/autojobs4ublog/articles/Older-vehicle-prior-to-year-2000-faces-government-regulations.php

#autojobs4u #automobileindustry #automotiveupdates #GovtofIndia #ElectricPVParts

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