India canceled the tolls of importing the battery parts of the electric and mobile vehicles
reports Mehr News Agency India’s asset announced the cancellation of imported duties for the 5 fonts used in the production of electric car batteries and 4 fonts of mobile batteries.
The purpose of this action is to enhance domestic production and increase competitiveness power. In his speech during the approval of the Financial Bill in the Lukes (Indian Parliament), Sitaraman emphasized the need for rationalization of tariffs to modify “reversal”, strengthen exports and support domestic producers.
The Indian government also eliminated a 5 % digital tax on online advertising. Sitaraman announced that the new income tax bill, which will replace the current law of year 2, will be reviewed at the next session of the legislative parliament.
He also pointed out that in a campaign that recently launched a tax office, Indian citizens were encouraged to voluntarily declare the Rupea Corrence of Foreign Property and 4.1 Crown Rupees.