CBIC amends notification 50/2017 customs dated June 30, 2017; Prescribes that “Batteries for electrically operated vehicles, including two and three wheeled electric motor vehicles” falling under Chapter 8507 shall be taxable at 5%; Substitutes Entry 525 dealing with Electrically operated vehicles imported as a Knocked Down kit; Inserts entry 526A to provide duty rates for Electrically operated vehicles imported as a Knocked Down kit and in any other form; Explains that Lithium Ion cell for use in Lithium ion accumulator other than battery pack of cellular mobile phone and power bank shall be taxed at 5% 

Notification No.03/2019 - Customs dated January 29, 2019
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