Market News

Govt extends duty relief for electronics, lithium-ion battery manufacturing till 2029

Customs duty concessions on electronics manufacturing parts are extended until March 2029. This move supports investments in battery cell manufacturing and advanced electronics assembly. Lithium-ion battery machinery now has expanded eligibility for concessional customs duty. Display assembly components for automotive and medical uses also receive duty relief. Wireless charging components for mobile phones are similarly granted customs duty concessions.