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.
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
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Published:
19th Sep 2022
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