Finance Minister Nirmala Sitharaman fully exempts Basic Customs Duty (BCD) on essential materials like cobalt, lithium-ion ...

Budget 2025-26 proposes boosting EV and mobile phone sectors with additional capital goods for battery manufacturing.

Mobile phones chargers, electric vehicle batteries and cancer drugs become cheaper. Flat LED televisions become costlier.

Finance Minister Nirmala Sitharaman on Saturday proposed to extend duty exemptions on capital goods used in the production of ...

Lower production costs will also enhance domestic manufacturing, reducing dependence on China and other countries while supporting India’s clean energy goals.

Finance Minister Nirmala Sitharaman has announced a customs duty exemption on lithium-ion battery scrap in the Union Budget 2025, aiming to reduce costs and encourage domestic production in the EV and ...

She said, “To the list of exempted capital goods, I propose to add 35 additional capital goods for EV battery manufacturing and 28 additional capital goods for mobile phone battery manufacturing. This ...