40% BCD on Solar Modules & 25% on Solar Cells With Effect from April 01, 2022 without Grandfathering of Existing Bid-Out Projects
40% BCD on Solar Modules & 25% on Solar Cells With Effect from April 01, 2022 without Grandfathering of Existing Bid-Out Projects
Imposition of Basic Customs Duty (BCD) on Solar PV Cells & Modules/ Panels
The following proposal of MNRE to impose BCD on solar cells and modules
(without grandfathering of bid out projects) has been agreed to by the Ministry of Finance:
The Atmanirbhar Bharat initiative has geared up the country toward scaling up domestic manufacturing. Scaling up of domestic solar manufacturing would also enable India to export solar cells/modules. This would also provide other countries an alternative avenue for procuring solar cells/modules.
In view of above, the undersigned is directed to inform all RE implementing agencies and other stakeholders, to take note of above trajectory and to include provisions in their bid documents, so that bidders take the trajectory into account while quoting tariffs, in all bids where the last date of bid submission is subsequent to this GM. In all
such bids, the imposition of BCD as per above trajectory shall not be considered as changein-law.
For more information please see below link:
