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Solar-like duty structure for wind sector to check Chinese imports

By : Chetanya Mehra, Aug 4, 2020

Following curbs on import concessions in...

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Domestic players at SEZs raise concern over govt plan to impose basic customs duty on solar cell

By : Sustainability ..., Jun 8, 2020

Domestic solar cell and module makers located at the special economic zones (SEZs) have raised concerns over the government's plan to impose basic customs duty (BCD) on these equipment, saying it would raise their overall product cost on domestic sales. Noting that the...

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Basic customs duty on solar modules being planned: MNRE secy

By : Sustainability ..., Apr 20, 2020

To incentivise domestic manufacturing of solar modules and cells, the government is planning to introduce a basic customs duty (BCD) on import of equipment for the sector. The idea is to start with a small duty and gradually raise it to 20%, so that local solar power...

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MNRE reduces effective custom duty back to zero after increment in Budget

By : Sustainability ..., Feb 14, 2020

Following the Union Budget announcement that photovoltaic (PV) cells and modules would now incur customs duty, the Ministry of New and Renewable Energy (MNRE) clarified that the effective basic custom duty would be zero. The Budget had a provision that levied a 20 per cent...

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Budget 2020 proposes hike in EV import duty to promote domestic manufacturing

By : Sustainability ..., Feb 3, 2020

The Union Budget on Saturday proposed to increase customs duty on import of electric vehicles across categories. The increase in basic customs duty is in the ranges of 10-40 percentage points across EV segment, and comes in the backdrop of Chinese manufacturers dumping low-...

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Central Board of Indirect Taxes and Customs clarifies imported solar equipment won’t attract customs duty

By : sustainabilityo..., Apr 10, 2018

Much to the relief of solar project developers, the Central Board of Indirect Taxes and Customs (CBITC) has clarified that the bulk of imported solar panels and modules will not attract customs...

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