IESA wrote a letter to Central Government by providing recommendations for the Energy sector to strategize the post COVID-19 impact
2020-04-08
2021-12-13
Recommendations by – IESA on the Energy Sector structural reforms for strategizing post-COVID-19 Impact
Recommendations by – IESA on the Energy Sector structural reforms for strategizing post-COVID-19 Impact
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IESA wrote a letter to Smt. Nirmala Sitharaman, Hon’ble Finance Minister, Government of India on September 13th, 2022. IESA team requested Hon’ble Ministry to consider extending exemptions on the lithium-ion cell used in the manufacture of Battery/ Battery Pack related to EV and storage applications as well. The exemption of taxes and duties can be linked within Phased Manufacturing Program (PMP) Scheme with a significant timeline which shall encourage the manufacturers to focus on indigenous manufacturing.
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On 7th June '22, IESA wrote a letter to MoF highlighting the importance of reducing and bringing the GST of energy storage and its equipment under 5% Margin. According to the current GST regime, the tax rates on lithium-ion batteries and EV supply equipment are 18% and 5%, respectively. GST for advanced batteries in EVs still on higher side ranging between 18% to 28%. Other than lithium ion, all other batteries chemistries are attracting 28% GST.
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IESA wrote a letter to Central Electricity Authority on 4th April '22 for providing the HS code and the
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