Government plans pass-through in tariffs for already bid-out solar projects

The government is planning to allow a pass-through in power tariffs for projects awarded before the basic customs duty (BCD) on imported solar cells, modules, and inverters is imposed from August .

The move is expected to help developers set up these projects and maintain India’s clean energy trajectory as the government is working on imposing tariff and non-tariff barriers to check Chinese imports. The imposition of BCD on imported solar cells, modules and inverters is reportedly to be followed by a plan to impose import duty on wafers and ingots used for manufacturing solar cells and modules. The BCD follows the 29 July expiry of safeguard duties on solar cells and modules imported from China and Malaysia.

 

 

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