IGST Rates and its impact, Customs - Exim - SEZ

[K.Shashi Nair]

Hello..

8506 includes Primary and Secondary Cells. The Lithium Ion batteries /cells (including Mobile Phone Batteries) falls under this tariff. Under the amended notification, the IGST for 8506 has been revised from 28% to 18%

The imports that I do, are Parts of Lithium Ion Battery. This is being imported under 85079090. The IGST however for this is still at 28%.

Under the Make in India concept, will the tariff rate of 85079090 be revised to 18%? Else direct import of such battery will eventually turn out to be cheaper..

Thanks

Posts / Replies

[Ramaswamy S]

Parts of lithium ion battery falls under HSN 8506 9000.

Batteries falling under HSN 8506 attracts 18% GST vide serial number 376A of Sch III.

The parts of lithium battery attracts 18% IGST vide serial number 453 of Schedule III.