40% on Modules & 25% on Cells, MNRE to Impose BCD From April 1, 2022 Updated On Thu, Mar 11th, 2021 by Saurenergy The Ministry of New and Renewable Energy (MNRE) has finally finalised the new Basic Customs Duty (BCD) on solar PV cells and modules. As per an office memorandum, the Ministry is going to impose a 25 percent BCD on solar PV cells and 40 percent duty on solar modules without grandfathering of bid-out projects. However, […] Read more
BCD Announcement This Week? Speculation Reaches Fever Pitch, Again Updated On Tue, Mar 2nd, 2021 by Saurenergy A report in BusinessLine, quoting sources in the MNRE, has speculated on the possibility of Basic Customs Duty (BCD) on modules and solar cells finally being announced this week. Readers will recall that the announcement was widely expected in the Union Budget in February, but was conspicuously missing. The report quotes its sources as saying […] Read more
India’s Solar Manufacturing- A Tale of failed Government Initiatives Updated On Mon, Jan 11th, 2021 by Saurenergy India’s solar manufacturing prowess, or lack of it, has been a regular cause for concern ever since the country started powering forward in capacity additions from 2016 onwards. A new report from IEEFA and JMK Analytics puts the spotlight on the sector, especially on its failure to ramp up even as demand went up domestically. […] Read more
Delay in Imposition of BCD on Solar Equipment Impacting Investments: CII Updated On Tue, Dec 22nd, 2020 by Saurenergy CII has urged the finance ministry to impose the BCD on solar equipment, stressing that the delay in implementation is impacting investments. The Confederation of Indian Industry (CII) in a written memorandum to the Ministry of Finance has urged the ministry to impose the planned basic custom duty (BCD) on solar equipment as announced in the last general budget, stressing […] Read more
“I have not witnessed a demand like this for the last five years” Updated On Tue, Sep 29th, 2020 by Saurenergy Established in 2013, Artha Energy Resources (AER), is a boutique investment bank and developer focusing primarily in the renewable energy sector. It is India\s first and only investment bank focused on the Indian renewable energy sector. Currently, Artha Energy Resources has advised on renewable energy transactions worth $812 million, including 150 MW in large hydro projects, […] Read more
SPDA Makes a Case for 18 Month Deferment of BCD On Solar Equipment Updated On Fri, Aug 28th, 2020 by Saurenergy Just a week after the manufacturers association, the All India Solar Industries Association (AISIA) made a plea for 50 percent BCD at the earliest, comes the rejoinder from Solar Power Developers Association (SPDA). The SPDA is a national association representing India’s ‘upcoming’ solar power generators and developers, and says that the Government must reconsider its […] Read more
AISIA Bats for 50% BCD on Solar Equipment Updated On Fri, Aug 21st, 2020 by Saurenergy The Body urged Government of India on immediate implementation of BCD All India Solar Industries Association (AISIA) has urged the government to impose at least 50% basic custom duty (BCD) on solar equipment for sustenance of domestic manufacturers. The country’s dependency on China for solar imports in FY20, was recorded at imports worth $1.3 billion. […] Read more
BCD on Chinese Imports to be Delayed by 2-3 Weeks: MNRE Updated On Wed, Aug 5th, 2020 by Saurenergy The basic customs duty (BCD) on solar imports from China, which was supposed to be implemented from August 1, 2020, will be delayed by 2-3 weeks. The basic customs duty (BCD) on solar imports from China, which was supposed to be implemented from August 1, will be delayed for another two to three weeks, per […] Read more
With SGD Extended by 1 Year, Manufacturer’s Eye BCD Announcement in August Updated On Thu, Jul 30th, 2020 by Saurenergy Following the recommendations of the DGTR (Directorate General of Trade Remedies) last week, the government has formally notified the extension of the Safeguard Duty (SGD) by a year on Chinese origin solar equipment. The extension, till July 29, 2021, seeks to protect Indian manufacturers from alleged dumping by Chinese firms. Interestingly, there is no mention […] Read more
