IESA expectations on Budget 2022-23 on behalf of Energy Storage and EV Industry
Related Reports you may be interested in
Related information you may be interested in
Request to consider exemption of BCD on the lithium-ion cell used in the Manufacturing of Battery/ Battery Pack related to EV and storage applications
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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IESA recommendation letter to NITI Aayog on Draft Battery Swapping Policy
On 5th June '22, IESA sent a letter to Niti Aayog giving recommendations on Draft Battery Swapping Policy. IESA formulated a focussed group committee with its member companies and held in depth discussions in April & May of 2022.
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Letter to MoF to reduce GST on various equipment used in Energy Storage System under 5% margin
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 inputs/suggestions on the “Draft Battery Waste Management Rules, 2022”
IESA wrote a letter to Ministry of Environment, Forest, and Climate Change on 21st March '22 stating concerns/recommendations (Annexure-1) on the Draft Battery waste Management Rules, 2022. This letter also included consolidated suggestions/recommendations received from our member companies.
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IESA inputs/suggestions on the Uniform Slab of GST on various components / equipment used in deployment of BESS
IESA wrote a letter to Central Electricity Authority on 4th April '22 for providing the HS code and the
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Policy & Regulatory Advocacy
