GSTnews item11 March 2019

Government notifies phased import duty hike on electric PV parts, lithium-ion cells

News Update

Government notifies phased import duty hike on electric PV parts, lithium-ion cells

Published Date: Mar 12, 2019
Source: ICAI PD Committee
The government has notified phased increase in basic customs duty on parts of electric passenger vehicles to be assembled in India to 15 per cent from April 2020 and 10 per cent on imported lithium-ion cells by April 2021 to promote domestic manufacturing of EVs. The notification is part of the road map under the phased manufacturing programme (PMP), and also entails doubling the basic customs duty on completely built units of electric buses and trucks to 50 per cent from April 2020.
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