Govt Extends Duty Relief On Electronics And Battery Manufacturing Inputs Till 2029
New Delhi, July 9 -- The Centre has extended customs duty exemptions on select components and machinery used in electronics and lithium-ion battery manufacturing, aiming to reduce import costs and strengthen domestic production capacity.
Through three notifications issued on July 8, the government provided relief on key inputs used in display assemblies and wireless charging modules, while also expanding concessional duty benefits for capital goods required in lithium-ion cell manufacturing.
The exemptions have come into effect immediately and will remain valid until March 31, 2029.
Relief for Display Assembly Components
The government has exempted basic customs duty on five components used in manufacturing display assemblies for auto...
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