New duty structure for equipment import, 40% BCD on solar gear: R K Singh

Discoms loan scheme oversubscribed, power rates to fall after new Electricity Act

India will set a new duty structure for power equipment which will discourage imports in the sector, union minister of state for power, new and renewable energy R K Singh said during a virtual press conference. Referring to the efforts of the Centre in curbing imports from China, the minister said solar gear coming in India would be levied basic customs duty in the range of 20-40 per cent.

Close to 75 per cent of India’s solar power capacity is built on Chinese solar modules. It is also one of the top-10 imported items from China in the country. 

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