Govt cuts customs duty on electric vehicle parts to 10-15%
The government has cut down customs duty on import of parts and components for electric vehicles to 10-15%, down from the previous 15-30%. The Central Board of Indirect Taxes and Customs said disassembled parts will attract 10% duty, whereas 15% will be levied on pre-assembled packs. However, fully built electric vehicles will continue to attract 25% import duty.