Budget 2025: FM Sitarman announced a customs exemption for the manufacture of lithium-ion battery, hike duty on…. Mint

Finance Minister Nirmala Sitarman has proposed to give a complete discount of Kolbult powder and waste, lithium-ion battery scrap, lead, zinc, zinc and 12 other important minerals in Budget 2025 in Budget 2025. Goods for mobile phone battery manufacture.

Speaking during his 8th budget speech, Sitarman said, “In the list of exempted capital goods, I propose to add 35 additional capital goods for EV battery and 28 additional capital goods for mobile phone battery manufacture . This will promote domestic construction of lithium-ion batteries for mobile phones and electric vehicles. ,

Sitarman has announced a hiking of customs duty on 10% to 20% interactive flat display.

Government to establish a natural manufacturing mission for EV cells:

Sitarman also announced a national manufacturing mission to support solar PV cells, EV batteries, motors and controllers, electrolyzers, wind turbines, high-voltage transmission equipment and domestic manufacturing of grid-scale batteries.

“To pursue the Make in India policy, our government will set up a national manufacturing mission covering small, medium and large industries. The mission will provide policy assistance, execution roadmap and a governance and monitoring framework for central ministries and states. Sitarman added further