Finance Ministry exempts customs duty on goods used in manufacturing lithium-ion cells, inductor coil modules and display assemblies
New Delhi, July 9 -- The Finance Ministry has exempted customs duty on specified goods used in the manufacture of lithium-ion cells, inductor coil modules and display assemblies, according to a notification issued on Wednesday.
The Department of Revenue, under the Ministry of Finance, through a notification dated July 8, amended the earlier Customs Notification. Under the new notification, the government has expanded the list of machinery and equipment that can be imported without payment of customs duty for use in manufacturing lithium-ion cells. The exemption covers a wide range of specialised machines and systems used across the production process.
These include powder dryers, automatic feeding and blending systems, slurry transfer s...
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