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Government lowers import duty on components for electric vehicles
Updated : January 30, 2019 06:30 AM IST
Until now, vehicle parts and components imported for assembly in India attracted import duty of 15 to 30 percent.
The Central Board of Indirect Taxes and Customs (CBIC) has carved out a separate category for parts and components of electric vehicle for which customs duty has been lowered to 10-15 percent.
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