Tags: basic custom duty

Basic custom duty effect – Solar tariff likely to rise in near term says ICRA

Because of imposition of basic custom duty on equipment, solar power tariffs may rise in near term ,though they would remain cost competitive for the off-takers, ICRA Ratings said on Wednesday. ICRA”s outlook for renewable energy (RE) sector is ”Stable” because of factors such as continued policy support from the Government of India, large growth […]

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CII urges Finance Ministry to impose BCD on solar power equipment

CII has urged the Ministry of Finance in its memorandum submitted on Monday to impose the basic custom duty (BCD) on solar power equipment as announced in the last general budget, stressing that the delay in implementation is impacting investments. The CII representatives have met the finance ministry top brass to represent the infrastructure sectors […]

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Govt should impose 50 percent BCD on solar equipment: AISIA

All India Solar Industries Association (AISIA) on Thursday urged the government to impose at least 50 per cent BCD (basic custom duty) on solar equipment for sustenance of domestic manufacturers. Following the coronavirus-related disruption, the Indian solar manufacturing sector has witnessed a major downfall with exports witnessing a decline, said the association in a statement. […]

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