MNRE Notifies BCD and Hike in GST Rates as ‘Change in Law’ Events But With a Condition
The notification followed a request from aggrieved renewable developers
September 27, 2022
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The Ministry of New and Renewable Energy (MNRE) has said the imposition of basic customs duty (BCD) and hike in goods and services tax (GST) from 5% to 12% should be treated under ‘Change in Law’ events unless disallowed by specific provisions in the tender documents or contracts.