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Customs duty on imported solar cells likely to hike power bill by 20%

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Solar modules, cells to attract basic customs duty of 40%, 25%

Solar modules, cells to attract basic customs duty of 40%, 25% March 10, 2021 The Ministry of New & Renewable Energy has been seeking protectionist measures to raise the competitiveness of the domestic solar manufacturing industry   -  SPECIAL ARRANGEMENT The Ministry of New & Renewable Energy has been seeking protectionist measures to raise the competitiveness of the domestic solar manufacturing industry   -  SPECIAL ARRANGEMENT× Duty to kick in from April 2022; move will reduce reliance on imports, says MNRE The Ministry of New & Renewable Energy (MNRE) has said that the Ministry of Finance has agreed to impose a basic customs duty of 40 per cent and 25 per cent respectively, on imported solar modules and cells starting April 2022.

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