Customs duty exemptions on import of critical minerals scrap and capital goods for manufacturing EV batteries

In its national budget for financial year (FY) 2025-2026, India fully exempted the basic customs duty on the import of Cobalt powder and waste and scrap of 12 critical minerals listed below: 

• Antimony
• Beryllium
• Bismuth
• Cobalt
• Cadmium
• Molybdenum
• Rhenium
• Tantalum
• Tin
• Tungsten
• Zirconium
• Copper scrap (limited tariff entries)

In addition, the budget also exempted the basic customs duty on the import of waste and scrap of lithium-ion battery and on capital goods for EV battery manufacturing.

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