Impact of Basic Customs Duty on Solar Cells and Modules: Winners and Losers
If the exemption on basic customs duty is lifted after safeguard duty expires, solar tariffs could rise as much as ₹0.25/kWh
February 14, 2020
Follow Mercom India on WhatsApp for exclusive updates on clean energy news and insights
Basic customs duty (BCD) on the import of solar cells and modules was announced at 20% in the Union Budget for 2020-21. While the exemption on this duty remains in place, the change has raised a lot of eyebrows throughout the solar sector, as this could potentially impact solar tariffs adversely.