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EconomyHard

Under which ITC(HS) code has the export of Lithium-Ion Battery Black Mass been prohibited?

  1. A.85069000
  2. B.85491400
  3. C.81069200
  4. D.28459000

Correct answer

B. 85491400

Explanation

The correct answer is 85491400. The notification issued by the Directorate General of Foreign Trade names the item as Lithium-Ion Battery Black Mass falling under this code, which covers waste and scrap of primary cells, primary batteries and electric accumulators, along with spent cells and accumulators that are unsorted and carry no lead, cadmium or mercury. Options A, C and D are codes that do not match the notification and are included to test whether a candidate has read the actual entry. The export policy for this item has moved from Free to Prohibited with immediate effect and until further orders, and the transitional arrangements of Para 1.05 of the Foreign Trade Policy, 2023 will apply. The aim is to keep black mass, which holds lithium, cobalt, nickel and manganese, available to recyclers inside the country.

Read the full article: DGFT Bans Export of Lithium-Ion Battery Black Mass

Q2.EconomyMedium

The export prohibition on black mass complements an incentive scheme of what size under the National Critical Mineral Mission?

  1. A.Rs 500 crore
  2. B.Rs 1,000 crore
  3. C.Rs 1,500 crore
  4. D.Rs 2,500 crore
Show answer
Correct answer: C. Rs 1,500 crore

The Union Cabinet approved an incentive scheme of this size in September 2025 under the National Critical Mineral Mission, to build capacity for separating and producing critical minerals from secondary sources such as battery waste and electronic waste.

Q4.EconomyHard

Since when has the subsidy on phosphatic and potassic fertilizers been governed by the Nutrient Based Subsidy scheme?

  1. A.01.04.2008
  2. B.01.04.2010
  3. C.01.04.2014
  4. D.01.04.2016
Show answer
Correct answer: B. 01.04.2010

From that date the subsidy on phosphatic and potassic fertilizers has been paid under the Nutrient Based Subsidy regime, in which the government fixes a per-kilogram subsidy on each nutrient rather than on each bag, and pays it to manufacturers and importers at notified rates.