The Ministry of Finance (MoF) on October 09, 2026, issued clarification regarding scope of the term "Power Bank".
It has clarified that Battery Energy Storage Systems (BESS), including stationary, grid-scale and industrial lithium-ion battery systems classified under tariff item 8507 60 00, are not covered by the exclusion applicable to “Power Banks” under Notification No. 45/2025-Customs dated October 24, 2025. Accordingly, such BESS are eligible for the concessional Basic Customs Duty (BCD) rate of 10%, instead of the standard tariff rate of 20%, subject to the applicable conditions. The clarification specifies that “Power Bank” refers only to lithium-ion battery devices designed as external charging devices for cellular mobile phones or portable electronic devices.
[Circular No. 45/2026-Customs]
