CBIC Revokes Customs Duty Deferment on Imported Solar Modules in Warehouses

CBIC Revokes Customs Duty Deferment on Imported Solar Modules in Warehouses

The Central Board of Indirect Taxes and Customs (CBIC) has revoked the permission granted to solar developers to warehouse imported solar modules to defer payment of the basic customs duty (BCD) on solar cells and modules effective ...
/ / Markets & Policy, Solar
To Boost Indigenous Manufacturing, Government Reduces Customs Duty on EV Components

To Boost Indigenous Manufacturing, Government Reduces Customs Duty on EV Components

In a move that could significantly influence the pace of EV adoption in the country, the government has reduced the applicable customs duty on parts and components of electric vehicles ...
Ministry of Finance Clarifies Safeguard Duty Assessment Tariff Code

Ministry of Finance Clarifies Solar Safeguard Duty Assessment Tariff Code

The Ministry of Finance has issued a new memorandum clarifying that only goods specifically classified under tariff item 8541 40 11 (solar cells whether or not assembled in modules or ...
/ / Markets & Policy, Solar