▫ Elon Musk’s proposal for tax reductions on Tesla’s electric vehicles was denied by India, which stated that the rules allow bringing in partially-built vehicles.
▫ In an interview, Vivek Johri, chairman of the Central Board of Indirect Taxes and Customs, said, “We looked at whether the duties need to be re-jigged, but some domestic production is happening and some investments have come in with the current tariff structure.”
▫ “So, it is clear that this is not a hindrance,” he added.