"so on the Cobalt powder and waste or scrap of lithium ion battery or lead lead zinc and 12 other such critical minerals were Exempted from basic custom duty this is for the battery yes you had another 35 additional Goods that are a part of EV manufacturing battery and 28 another which are a part of Mobile phone battery manufacturing were also added to the Exempted capital goods so iPhones will get cheaper uh they are actually trying to make sure that you come here and manufacture mobiles here"
By Finance With Sharan | February 2, 2025 | Correct
From video
Budget 2025 Simplified: How Will It Impact You? Experts Break It Down 00:39:29 - 00:40:03
Interpreted Prediction
Domestic manufacturing of EV batteries and mobile phones is expected to increase, potentially making iPhones cheaper, due to exemptions from basic customs duty on critical minerals and capital goods for manufacturing, effective in the next 1-2 years.
AI Evaluation Notes
Evaluated on 2026-04-21
The Union Budget 2025 did implement the customs duty exemptions for critical minerals and capital goods for EV and mobile battery manufacturing as predicted. This policy has supported the expansion of domestic manufacturing, aligning with the prediction's core expectation.

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