News > Govt plans new import tax on solar equipments starting August

Govt plans new import tax on solar equipments starting August

LiveMint | 25/06/2020 07:50 AM | Click to read full article

India's renewable energy ministry has proposed imposing customs duty on some solar power equipment starting Aug. 1 as part of the country's goal of becoming self-sufficient.

India currently levies safeguard duty on imports of solar cells and modules from China and Malaysia. Power minister Raj Kumar Singh asked the industry to consider stopping imports of products whose domestic supplies are adequate and added that developers using domestic equipment will get cheaper loans from lenders.

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