TAG: "BESS not classified as Power Bank"
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Finance Ministry Clarifies 10 Percent Customs Duty on Stationary and Grid-Scale BESS
The Ministry of Finance has clarified that stationary, grid-scale and industrial lithium-ion BESS qualify for a concessional 10 percent Basic Customs Duty (BCD), while consumer power banks remain subject to the applicable 20 percent tariff rate.
BESS Not Classified As Power Bank | October 13, 2026 | By Mrinmoy Dey | 417
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