ELECTRIC VEHICLE - II
EV Vehicle Manufacturing Incentivises with
15% Duty on Import of CBU and Complete EV
[Notification No.
19/2024-Customs dated 15 March, 2024]
Seeks to amend No.
50/2017-Customs, dated the 30th June, 2017 to give concession to EVs imported
under of the Ministry of Heavy Industries' Scheme to promote manufacturing of
electric passenger cars in India.
G.S.R
(E). In exercise of the powers
conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of
1962) and sub-section (12) of section 3 of the Customs Tariff Act, 1975 (51 of
1975), the Central Government, on being satisfied that it is necessary in the
public interest so to do, hereby makes the following further amendments in the
notification of the Government of India in the Ministry of Finance (Department
of Revenue), No. 50/2017-Customs, dated the 30th June, 2017, published
in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 785(E), dated the 30th June, 2017,
namely:-
In the said notification,
(1) in the Table, for S. No. 526A
and the entries relating thereto, the following S. No. and entries shall be substituted,
namely: -
|
(1) |
(2) |
(3) |
(4) |
(5) |
(6) |
|
526A. |
8703 |
Electrically
operated vehicles, if imported,- (1) incomplete
or unfinished, as a knocked down kit containing necessary components, parts
or sub-assemblies for assembling a complete vehicle, including battery pack,
motor, motor controller, charger, power control unit, energy monitor,
contactor, brake system, electric compressor, whether or not individually
pre-assembled, with |
|
|
|
|
|
|
(a) none
of the above components, parts or sub-assemblies inter-connected with each
other and not mounted on a chassis |
15% |
- |
- |
|
|
|
(b) any
of the above components, parts or sub-assemblies inter-connected with each
other but not mounted on a chassis |
35% |
- |
- |
|
|
|
(2) in
a form other than (1) above, - |
|
|
|
|
|
|
(a) with
a CIF value more than US $40,000 |
100% |
- |
- |
|
|
|
(b) other
than (a) above |
70% |
- |
- |
|
|
|
(c) with
a minimum CIF value of US$35,000 imported in terms of provisions of the
Scheme to promote manufacturing of electric passenger cars in India
notified vide S.O. No. 1363 (E) dated 15th March, 2024, by the Ministry of
Heavy Industries: |
15% |
- |
117; |
|
|
|
Provided
that nothing contained in item (2)(c) in this S. No. shall have effect after
the 31st March, 2031. |
|
|
|
|
|
|
Explanation. For the
removal of doubts, the exemption contained in items (1)(a) and (1)(b) of this
entry shall be available, even if one or more of the components, parts or
sub-assemblies required for assembling a complete vehicle are not imported in
the kit, provided that the kit as presented, is classifiable under the
heading 8703 of the Customs Tariff Act, 1975 as per the general rules of
interpretation. |
|
|
|
(2) in the Annexure, after condition
number 116 and the entry relating thereto, the following condition number
and entry shall be inserted, namely: -
|
(1) |
(2) |
|
117. |
If the importer, at the
time of import, furnishes a certificate from an officer not below the rank of
a Joint Secretary to the Government of India in the Ministry of Heavy
Industries (MHI) to the effect that,- (i) the importer holds a valid
Approval Letter issued by the Ministry of Heavy Industries under the Scheme
to promote manufacturing of electric passenger cars in India notified vide
S.O. No. 1363 (E) dated 15th March, 2024, by the Ministry of Heavy
Industries; (ii) the importer satisfies the
conditions of the aforesaid scheme and the quantity of the vehicles being
imported is within the limits prescribed in Para. 1.3.5 and para. 1.3.6 of
the aforesaid scheme; and (iii) the importer is eligible
for grant of this exemption in respect of the goods being imported.. |
[F. No. CBIC-190354/42/2024-TRU
Section-CBEC]