Customs exempt import duties on electric vehicle components or electric-powered vessels with batteries for 9 items

The Customs Department announces an exemption from import duties for certain types of electric vehicle components or electric-powered vessels with batteries, provided they meet the specified criteria as follows

The types eligible for customs duty exemption

1. Battery
2. Traction Motor
3. Compressor for electric battery-powered vehicles.
4. Battery Management System (BMS).
5. Drive control systems.
6. On board charger
7. DC/DC Converter
8. Inverter/PECU (Power Electronics Control Unit) Inverter
9. Reduction Gear

Key criteria

• Must have a certification from an automotive institution stating that the imported items are for assembly or production of electric vehicles or electric-powered vessels with batteries.
• Must be used for assembly or production within 1 year from the date of importation (with a possible extension of up to 6 months).
• If not used within the specified timeframe, the importer must either export the items or pay the required customs duties as per the applicable law.

The essential documents that must be submitted are:

1. Details of the form
2. Accounting of C.I.F (Cost, Insurance & Freight )/F.O.B (Free on Board) for each imported item
3. Certification form for importation for the purpose of assembly or production of electric vehicles or electric-powered vessels with batteries

More detail here
Source : Customs Department