FM assures industry BCD on solar modules will be implemented from April 1

The Finance Minister has assured that basic custom duty (BCD) on solar modules will be implemented from the scheduled date of April 1, 2022.

The implementation of BCD will save domestic players from stiff price competition from imported modules. There are concerns regarding manufacturing units that are on the verge of closing owing to the current duty-free window on solar panels and solar cells from China and other countries. The manufacturers also appealed to FM to exempt the module and cell line plant and machinery from import duty.

 

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