DNewsCafe : customs duty on imported electric vehicles
Imported electric vehicles are set to become costlier as Finance Minister Nirmala Sitharaman announced an increase in customs duty on various kinds of such vehicles as the government pushes to promote local production.

Customs duty rates are being revised on electric vehicles (EVs), and parts of mobiles as part of such carefully conceived phased manufacturing plans, she added.

To push local manufacturing in the EV segment, the government has increased customs duty on imported completely built units (CBUs) of commercial EVs to 40 per cent with effect from April 1, 2020, from 25 per cent currently.

The finance minister also proposed to enhance customs duty on semi knocked-down (SKD) forms of passenger EVs from 15 per cent to 30 per cent.