Import Duty On Solar Panels In India From China

The indian government has extended import duties on chinese solar equipment until july 2021 to encourage local manufacturing.

Import duty on solar panels in india from china.

India imports 8 000 10 000 megawatts of solar modules each year of which close to 90 per cent is from china. The government on saturday announced removal of 20 per cent import duty on solar cells and panels in the budget with immediate effect. Solar cells and modules are currently exempt from basic customs duty bcd on imports. The safeguard duty on solar imports from china and malaysia has produced mixed results on one hand market share of indian solar module suppliers a handful of them to be precise has more than.

India had imposed safeguards duty of up to 25 per cent on solar cell imports from china and malaysia in july last year. In a bid to encourage domestic manufacturing india will increase import duty on solar equipment down the value chain in the coming years power minister r k singh said on thursday.