Solar modules and cells imported by India are set to attract basic customs duty of 40% and 25%, respectively, from April 2022, as the nation’s finance ministry has given the green light to the proposal.
India’s Ministry of New and Renewable Energy (MNRE) today confirmed its proposal to impose the duties on cells and modules–with no “grandfathering” exceptions for projects which have already been tendered–had been agreed by the Ministry of Finance. Quoting the latter, the MNRE said customs notification of the move would be issued in due course.
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Higher duties will impede in achieving gigawatt targets.
The capacity build up to produce wafers, cells and modules will take considerable time and this will not facilitate to build up targeted capacities. The customs and other duties should be reduced and more Indian producers to be developed. Do we have a complete list of approved manufacturers? Many global ones like Panasonic are winding up their manufacturing. Such business should be attracted to set up operation in India.BHEL should endeavor to hike its module capacities as Non renewable business is Down!
Also silicon to wafer and cells capacities has to be ramped up.
In a globalized world the business of government should be zero!
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