budget 2023 electric vehicles will be cheaper less custom duty on lithium ion batteries rjv

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budget 2023 electric vehicles will be cheaper less custom duty on lithium ion batteries rjv

The benefit of reduction in customs duty will also give a boost to the ethanol blending program in petrol. Whereas, the customs duty on cigarettes has been increased to 16 per cent in the budget. He made this announcement while presenting the General Budget 2023-24 in the Parliament, which will make electric vehicles cheaper. Apart from this, relief in customs duty has also been given for mobile, television, chimney manufacturing.