Custom Duty Solar Panels

India is planning to impose a 20 per cent basic custom duty bcd on solar modules solar cells and solar inverters from august with a view to discourage imports from china. Once a separate notification is issued a new duty structure enabling a basic customs duty of 20 on solar cells and modules will come into effect the move is in a bid to boost local manufacturing. The ministry of new and renewable energy is likely to clarify the matter of basic customs duty bcd on imported solar equipment within the next two months.

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Budget Proposes A Mechanism To Impose 20 Customs Duty On Solar Cells Modules

The government on saturday announced removal of 20 per cent import duty on solar cells and panels in the budget with immediate effect according to the budget documents the customs duty on solar cells and solar cells assembled in modules or made up into panels was reduced from 20 per cent to zero per cent.

Custom duty solar panels.

In july last year india had imposed a safeguard duty on imports of solar cells from china and malaysia for two years to protect domestic players from steep rise in inbound shipments of the product. Latest china hs code tariff for solar panels tariff duty regulations restrictions landed cost calculator customs data for solar panels in etcn. India had imposed 25 per cent safeguard duty on solar cells for july 30 2018 to july 29 2019 period. Developers have been keenly awaiting such a clarification since the duty will impact their cost of setting up a project and.

China customs statistics trade data. A 20 percent basic customs duty had been announced in the last budget but has not been imposed yet.

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