Government exempts customs duty on key electronics components until March, 2029

In a move to deepen the electronics component ecosystem, the Finance Ministry has waived basic customs duty on a range of goods used to manufacture lithium-ion cells, display assemblies and inductor coil modules until March 31, 2029.

Three separate notifications, issued by the Department of Revenue, extend the exemption on machinery, equipment and inputs across these three manufacturing chains. The key change here includes the expansion of the list to include the concessional customs duty for lithium-ion battery manufacturing.