According to Union Power Minister R K Singh, there are “no intentions” to alter the basic customs duty (BCD) paid on solar modules and cells. “I don’t want any ChineseContinue Reading
The Ministry of New and Renewable Energy (MNRE) has announced the basic customs duty (BCD) on imported solar cells and modules starting April 1, 2022. The BCD on solar modulesContinue Reading
The government proposes to bring in 20-25 per cent basic customs duty (BCD) on imported modules, increasing it to 40 per cent next year; for cells it will be 15Continue Reading
According to industry officials, at least 25 GW of solar power projects are facing delays or uncertainty due to a rise in module pricing or supply shortages. The cost pressuresContinue Reading
The Goods and Services Tax (GST) Council suggested increasing GST on ‘specified renewable energy equipments and parts’ like cells, modules, and inverters from 5% to 12% with effect from 1Continue Reading
More than 80% of India’s local demand for solar modules have been met through imports from other Asian countries such as China, Vietnam and Malaysia. At present, the cumulative solarContinue Reading
India is considering multiple efforts to discourage developers to import Chinese equipment and encourage investors to develop domestic manufacturing facilities. India first imposed a safeguard duty on Chinese solar cellsContinue Reading
The Union Cabinet’s decision to award ‘performance linked incentive’ (PLI) to high efficiency solar panel manufacturers is likely to give a boost to the domestic companies. Unlike wind power sectorContinue Reading
