Statements from KPMG – Union Budget | Quote by Harpreet Singh, Partner, Indirect Tax, KPMG in India – EQ Mag
Harpreet Singh, Partner, Indirect Tax, KPMG in India
On Solar Power Plants
Exclusion of solar power plants/ solar power projects from the scope of project imports could result in driving up costs of solar power projects. This appears to be contrary to the overall objective of promoting green energy.
On Impetus to Green Mobility
The Budget lays down blueprint to boost domestic manufacturing for providing impetus to green mobility. Accordingly, customs duty exemption is being extended to import of capital goods and machinery required for manufacture of lithium-ion cells for batteries used in electric vehicles.