Union Finance Minister Nirmala Sitharaman on Sunday announced an extension of basic customs duty exemption on capital goods used for manufacturing lithium-ion cells for battery storage, in the Budget for the next financial year.
In her Budget speech, she also proposed to exclude the entire value of biogas while calculating excise duty levy on biogas-blended CNG.
"I propose to extend the basic customs duty exemption given to capital goods used for manufacturing lithium-ion cells for batteries. Also, I propose to exempt basic customs duty on import of sodium anti Monet, for use in manufacturing of solar glass," she said.
It is proposed to provide basic customs duty exemption to the import of capital goods required for the processing of critical minerals in India.
For biogas blended CNG, she said, "I propose to exclude the entire value of biogas while calculating the central excise duty payable on biogas-blended CNG." The FM said the government will develop an integrated East Coast Industrial Corridor with a well-connected node at Durgapur.
Also read: FM Sitharaman raises capex for FY27 to ₹12.2 lakh crore
Follow us
