Is there a Case for Basic Customs Duty on Solar Inverters?
The government needs to incentivize component manufacturing before levying duty on the finished product in the case of solar inverters
September 29, 2020
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To combat the impact of COVID-19, the government has announced various measures, and chief of them was the “Aatmanirbhar Bharat” or self-reliant India. One of the main initiatives under this announcement was domestic manufacturing. The government aims to increase manufacturing in India, curb imports to save foreign exchange, and bring in foreign direct investment to boost manufacturing.
Rakesh Ranjan
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