New Delhi: Solar power developers in the country have demanded that the government should hold back the imposition of basic customs duty (BCD) on solar equipment for the time being in the forthcoming budget. They fear that this could derail the government’s ambitious target of having 175GW renewables by 2022, requiring an investment flow […]
FinMin, PMO to discuss fresh overhaul of basic customs duties; 300 items likely on the table
The Ministry of Finance and the Prime Minister’s Office (PMO) will soon discuss a fresh overhaul for basic customs duties across categories this week, sources told CNBC-TV18. These discussions, are primarily to consider the on-going exercise to hike customs duties in line with the ‘Atmanirbhar Bharat’ program, to support and encourage domestic manufacturing, sources […]
EQ Webinar on BCD / SGD Effect on India’s Solar Industry on July 31st…Register Now !
Warm Greetings !!! We at EQ Int’l is happy to present Webinar on BCD / SGD Effect on India’s Solar Industry When: Jul 31, 2020 11:30 AM IST Register in advance for this meeting: [Click Here To Register] After registering, you will receive a confirmation email containing information about joining the meeting. For Speaking Slot, […]
Solar industry awaits finance ministry decision on safeguard duty or Basic Customs Duty
Solar manufacturers, however, believe that the two together —safeguard duty and BCD — may get introduced from August 1, though the rate of BCD could be much lower than the 20% proposed initially. The Directorate General of Trade Remedies (DGTR) has recommended extending the safeguard duty on solar panels and cells, scheduled to expire […]