Is Customs Duty Hike Sufficient to Incentivize Domestic Manufacture of Solar Inverters?
In the Budget 2021, the Finance Minister proposed to raise the customs duty on solar inverters from 5% to 20% and on solar lanterns from 5% to 15% to encourage ...
There is Not a Lot for the EV Sector in Budget 2020
Budget 2020 has failed to meet the expectations of the electric vehicle (EV) segment of the country. The segment’s stakeholders were expecting more measures from the government to promote electric ...
Budget 2020: For Renewable Energy, “The Devil is in the Detail”
On February 1, 2020, when Finance Minister (FM) Nirmala Sitharaman announced the Budget for the financial year (FY) 2020-21, with a budget allocation ₹220 billion (~$3.08 billion) for the power ...
No Basic Customs Duty on Imported Solar Cells and Modules for Now
The basic customs duty on the import of solar cells and modules into the country will remain 'zero', for now, an official of the Ministry of Finance confirmed to Mercom ...
Uncertainty Around Proposed Basic Customs Duty of 20% on Imported Solar Cells and Modules
In a surprising development, the government in an amendment has split the earlier tariff item 8541 40 11 (solar cells whether or not assembled in modules or panels) into two; ...
MNRE Proposes Basic Customs Duty on Imported Solar Cells and Modules
The Minister of Power R.K. Singh has proposed that basic customs duty (BCD) be imposed on imported solar cells and modules from April 2021 in a letter to the finance ...
10 Drivers of EV Market in India
The Indian government launched the National E-Mobility Program in March 2018 to achieve 100 percent e-mobility by . Since then, the country has taken several policy initiatives to propel the growth ...
Government Proposes Customs Duty Hike on EV Parts to Incentivize Domestic Manufacturing
The Indian government recently notified the implementation of ‘Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India Phase II)’ with a total budget outlay of ₹100 ...
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 ...
MNRE’s New Portal Issues Concessional Customs Duty Certificates to Solar Developers
The Ministry of New and Renewable Energy (MNRE) has launched a new website for solar developers that will issue concessional customs duty certificates. These concessional certificates are given for setting ...
Budget 2018-19: A Disappointing Budget for Solar and Renewable Energy Sector
The much-anticipated Union Budget 2018-19 was tabled in parliament on 1 February 2018 by Finance Minister Arun Jaitley. However, the new budget for the coming financial year has, in most ...
Solar Projects Delayed as Indian Ports Withhold the Release of Solar Panels
The misclassification of solar modules by port authorities has created confusion and delays in the Indian solar sector besieged by challenges. Ports and port authorities across the country have begun ...