PV imports to face 20-25% customs duty in India

The Indian government’s levy on modules could almost double to 40% within a year. Cells will see a similar rise, from an initial rate of 15%.

The power minister said India needs to reduce dependency on imports in the power sector.

Image Credit: PIB, Govt of India

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From pv magazine India

The Economic Times has reported that the Indian government is considering a basic customs duty of 20-25% on imported solar panels from August, with the tax to rise to 40% within a year.

Solar cells would attract a 15% customs duty from August, the newspaper reported, quoting Minister of State (IC) Power and New & Renewable Energy RK Singh, with that figure to rise to 30%.

Solar cells and modules – the majority of which are imported from China – are exempt from basic customs duty at present, but will attract a 15% ‘safeguarding duty’ until July.

For the full story, please visit our pv magazine India site.

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