Tuesday, March 04, 2025 | 07:21 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

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

solar, energy, clean energy, green, renewable, power, project, pollution, environment, conservation, emission
Premium

As per the data available with MNRE, 63 per cent or nearly 2000 MW out of the total 3100 MW of cell manufacturing capacity and nearly 43 per cent or around 3800 MW out of the 9000 MW of module manufacturing capacity is currently situated in SEZ.

Press Trust of India Mumbai
Even as the decision to impose basic custom duty on solar equipment is likely to boost domestic manufacturing, the move can be counter productive for manufacturers who have set up facilities in SEZs unless they are treated at par with units in the domestic tariff areas, industry players say.
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, including cells, modules and inverters, in the range of 15-20 per cent in the first year, which would eventually increase up

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in