Tag: energy storage market India
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India waives customs duty on lithium-ion cell machinery to boost domestic battery manufacturing
Govt removes 7.5-10% basic customs duty until 31 March 2029 Policy supports India’s 50 GWh ACC battery manufacturing target The Indian government has waived basic customs duty (BCD) on machinery used for lithium-ion cell manufacturing, reducing equipment import costs for battery producers and supporting domestic capacity expansion. The exemption covers machinery used across critical stages…