New 👉 Ask your RBI Grade B 2025 Preparation Queries Here!!

    Question

    As per Union Budget 2025-26, what is the revised customs

    duty on lithium-ion battery imports to promote domestic manufacturing?
    A 5% Correct Answer Incorrect Answer
    B 10% Correct Answer Incorrect Answer
    C 15% Correct Answer Incorrect Answer
    D 20% Correct Answer Incorrect Answer
    E 25% Correct Answer Incorrect Answer

    Solution

    To promote domestic battery manufacturing and reduce reliance on imports, the Union Budget 2025-26 increased the customs duty on lithium-ion battery imports from 5% to 10%. This measure aligns with the government’s Make in India initiative and incentivizes local production of energy storage solutions.

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