Union Budget 2026: FM Announces Import Exemptions on Battery Manufacturing to Boost EV Industry

During her budget speech in Parliament, Finance Minister Nirmala Sitharaman announced continued exemptions on the basic Customs Duty exemption given to Capital goods used for manufacturing lithium-ion cells for batteries to those used for manufacturing. Lithium-ion cells for battery energy storage systems.

The Union Budget 2026 has continued tariff exemptions on Lithium-ion to boost the EV industry. 

Moreover, FM Nirmala Sitharaman has also proposed to provide basic Customs Duty exemption to the import of capital goods required for the processing of critical minerals in India, especially on Bio Gas Blended CNG.

During her budget speech in Parliament, FM Nirmala Sitharaman announced the exclusion of the entire value of biogas while calculating the central excise duty payable on biogas-blended CNG.

This is a developing story…