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India cuts lithium-ion tax ‘to boost battery investments’

Tue, 08/07/2018 - 12:01 -- John Shepherd
India cuts lithium-ion tax ‘to boost battery investments’

The tax rate on lithium-ion batteries in India has been reduced from 28% to 18% in a bid to boost the country’s electric vehicle industry.

The cut announced by the Goods and Services Tax Council (GST), which was set up by the Indian government, was not as much as had been expected.

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