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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 […]

ADB Commits Record $3.92 Billion Loan to India for 13 Projects in 2020

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 […]

Japan’s Mitsui, Local Partner Plan 115-MW Philippine Solar Project

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 […]

ADB Commits Record $3.92 Billion Loan to India for 13 Projects in 2020

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 […]

Initiation of Anti-Dumping Investigation Concerning Imports of Solar Cells

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 […]

UNM Addresses Growing Demand for Electric Vehicle Charging Stations