The Budget proposes an outlay of ₹20,000 crore over the next five years for Carbon Capture Utilization and Storage (CCUS) technologies to achieve higher readiness levels across sectors including power, steel, cement, refineries and chemicals.
To support energy storage, basic customs duty exemptions will continue for capital goods used in manufacturing lithium-ion cells for battery energy storage systems.
BCD exemption has also been granted on sodium antimonate used in solar glass manufacturing.
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Further, the existing duty exemption on imports required for nuclear power projects has been extended until 2035 and expanded to cover all nuclear plants irrespective of capacity.
Capital goods required for processing critical minerals will also attract BCD exemption.
These measures collectively address industrial decarbonisation, energy storage supply chains and nuclear infrastructure.
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