Customs duty cuts to boost domestic battery, solar cell manufacturing
The Union Budget announced customs duty cuts to facilitate domestic manufacturing of batteries and solar cells. These include customs exemptions for lithium-ion batteries and solar glass, alongside a higher outlay for renewable energy, part of a push to localise clean-energy supply chains.
Nabka Insight
Duty rationalisation for clean-energy manufacturing links Budget, trade and energy policy.
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- Customs exemptions announced for lithium-ion batteries and solar glass
- Aim: facilitate domestic battery and solar cell manufacturing
- Renewable energy outlay raised in the Union Budget
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