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MNRE reduces effective custom duty back to zero after increment in Budget

By : Sustainability ..., Feb 14, 2020

Following the Union Budget announcement that photovoltaic (PV) cells and modules would now incur customs duty, the Ministry of New and Renewable Energy (MNRE) clarified that the effective basic custom duty would be zero. The Budget had a provision that levied a 20 per cent...

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Budget 2020 proposes hike in EV import duty to promote domestic manufacturing

By : Sustainability ..., Feb 3, 2020

The Union Budget on Saturday proposed to increase customs duty on import of electric vehicles across categories. The increase in basic customs duty is in the ranges of 10-40 percentage points across EV segment, and comes in the backdrop of Chinese manufacturers dumping low-...

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Central Board of Indirect Taxes and Customs clarifies imported solar equipment won’t attract customs duty

By : sustainabilityo..., Apr 10, 2018

Much to the relief of solar project developers, the Central Board of Indirect Taxes and Customs (CBITC) has clarified that the bulk of imported solar panels and modules will not attract customs...

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