Basic customs duty on Chinese solar imports to be delayed by 15 to 20 days

As per an industry meeting with the Ministry of New and Renewable Energy (MNRE), the basic customs duty on solar imports from China, which was supposed to be implemented from August 1,2020, could be delayed for another two to three weeks.

Reportedly, the ministry has been in talks with the Ministry of Finance over the customs duty for almost three weeks in the context of power purchase agreements (PPAs) which were already signed. In June 2020, the renewable energy ministry had said that the projects for which PPAs were signed before August 1 would be eligible for a grandfather clause, which would have allowed renewable energy firms to claim reimbursements on the duty they have paid while importing equipment from China.