In Short : Industry stakeholders believe that customs duty exemption on lithium batteries will significantly support the creation of electric vehicle infrastructure in India. By reducing input costs, the policy is expected to accelerate EV adoption, improve affordability, strengthen charging networks, and stimulate domestic manufacturing, ultimately supporting India’s transition toward clean mobility and a sustainable […]
Discontinuation of the benefit of Concessional Customs Duty in respect of items imported for initial setting up of solar power projects – reg.
Discontinuation of the benefit of Concessional Customs Duty in respect of items imported for initial setting up of solar power projects – reg. For more information please see below link:
Solar pv module imports to face 40% customs duty, cells 25%
The finance ministry will issue an order to impose a basic customs duty of 40% on modules and 25% on solar cells as part of the Atmanirbhar Bharat or self-reliant India strategy, Singh said in an interview India plans to impose new tariffs on imports of solar cells and modules from 1 April 2022, power […]
India to lose Rs 50,000 crore in forex if solar developers given exemption from customs duty on Chinese imports: AISIA
With safeguard duty scheduled to end on July 31, the government has proposed to impose a 20-25 per cent basic customs duty on solar modules and around 15 per cent on cells, that will gradually go up to 40 per cent for both Mumbai: India will lose nearly Rs 50,000 crore in foreign exchange if […]
Solar manufacturers request immediate levy of bcd on imported modules
“To help domestic manufacturers, 50% duty should be imposed immediately without a pass through given to developers,” Hitesh Doshi, chairman, all India Solar Industries Association, said. Though the government’s recent announcement of imposing a basic customs duty (BCD) on the import of solar panels intends to benefit the Make in India programme, industry players pointed […]
Clarity on customs duty impact for already bid out projects required: ICRA
There have been significant delays in implementation of such ‘change in law’ pass-through for the affected IPPs in the past New Delhi: As the 15 per cent safeguard duty on imports of solar cells and modules import is set to cease in July 2020, industry analysts seek clarity for a pass-through of customs duty impact […]
Customs duty on solar equipment may hit SEZ manufacturing units: Experts
Power and New & Renewable Energy Minister R K Singh on Thursday said his ministry has proposed to impose basic custom duty (BCD) from August 1, this year on solar equipment Even as the decision to impose basic custom duty on solar equipment is likely to boost domestic manufacturing, the move can be counter productive […]
Budget 2019: Customs duty exemption on parts of electric vehicles
This would help in bringing down the cost of electric vehicles and thus help boost EV sales. In order to encourage the use of electric vehicles, Finance Minister Nirmala Sitharaman announced customs duty exemption on certain parts of electric vehicle. With a focus on incentivising e-mobility, the government announced a number of measures including income […]
