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526A

8703

Electrically operated vehicles, if imported,-

(1)  incomplete or unfinished, as a knocked down  kit  containing  necessary  components, parts  or  sub-assemblies  for  assembling  a complete  vehicle,  including  battery  pack, motor,   motor   controller,   charger,   power

control unit, energy monitor, contactor, brake system, electric compressor, whether or not individually pre-assembled, with –  

(a)none of the above components, parts or sub-assemblies   inter-connected   with each other and not mounted on a chassis

(b)any of the above components, parts or sub-assemblies   inter-connected   with each other but not mounted on a chassis

(2) in a form other than (1) above, -

(a)with a CIF value more than US $40,000

 (b)other than (a) above

(c)with  a  minimum  CIF  value of  US $35,000 imported in terms of provisions of the ‘Scheme to promote manufacturing of electric passenger cars in India’ notified vide S.O. No. 1363 (E) dated 15^th March, 2024, by the Ministry of Heavy Industries:

Provided that nothing contained in item (2)(c) in this S. No. shall have effect after the 31st March, 2031.

Explanation. – For the removal of doubts, the exemption contained in items (1)(a) and (1)(b) of this entry shall be avilable, even if one or more of the components, parts or sub-assemblies required for assembling a complete vehicle are not imported in the kit, provided that the kit as

presented, is classifiable under the heading 8703 of the Customs Tariff Act, 1975 as per the general rules of interpretation                                       

15%

35%

100%

70%

15%

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If the importer, at the time of import, furnishes  a certificate from an officer not

below the rank of a Joint Secretary to the Government of India in the Ministry of

Heavy Industries (MHI)  to the effect that,-

(i)                               the importer holds a valid Approval Letter issued by the Ministry of

                                   Heavy  Industries  under  the  ‘Scheme  to  promote  manufacturing  of

                                   electric passenger cars in India’ notified vide S.O. No. 1363 (E) dated

                                   15th  March, 2024, by the Ministry of Heavy Industries;

(ii)                              the importer satisfies the conditions of the aforesaid scheme and the

                                   quantity of the vehicles being imported is within the limits prescribed

                                   in Para. 1.3.5 and para. 1.3.6 of the aforesaid scheme; and

(iii)                             the importer is eligible for grant of this exemption in respect of the

                                   goods being imported.”.