Government Keen on Removing Duty Concessions for Wind Turbine Parts Updated On Thu, Jul 30th, 2020 by Saurenergy The government is looking to withdraw the customs duty concessions that are offered to wind power developers for importing wind turbine parts Hot on the heels of the announcement that the safeguard duty (SGD) on Chinese origin solar equipment will be extended for another year, reports have surfaced that the government is now looking to […] Read more
Valid PPAs Before Aug 1 to get Exemption on Higher Duty on Imports Updated On Mon, Jul 6th, 2020 by Saurenergy Solar projects with valid PPAs before August 1, 2020, will be exempted from the proposed higher import duty on solar equipment and components. Solar power developers, that are still on course or in the process of starting work on the development of new solar projects in the country might be exempted from paying the newly proposed […] Read more
India Will Raise Import Duty on Solar Equipment Soon: R K Singh Updated On Fri, Aug 9th, 2019 by Saurenergy India will increase import duty on solar equipment to encourage domestic industry in the coming years, Power Minister R K Singh said. India will increase import duty on solar equipment to encourage domestic industry in the coming years, Power Minister R K Singh said. He also announced that a storage policy will be unveiled soon which […] Read more
Government Lowers Import Duty on EV Components Updated On Wed, Jan 30th, 2019 by Saurenergy The Central Board of Indirect Taxes and Customs (CBIC) has carved out a separate category for parts and components of an electric vehicle for which customs duty has been lowered to 10-15 percent. To promote domestic assembling of electric vehicles, the government has lowered customs duty on import of parts and components of such vehicles […] Read more
Madras HC Dismisses Plea Against 70% Levy on Solar Imports Updated On Tue, Apr 17th, 2018 by Saurenergy The oral order was delivered by the court whereas the written order is likely to be pronounced today. Challenging the recommendations of 70% safeguard duty on imports of solar panels and modules by Directorate General of Safeguards, the Madras High Court has dismissed the petition on Monday. The oral order was delivered by the court […] Read more
Budget 2018 is Favorable for Power Sector & Saubhagya will Boost Demand Updated On Fri, Feb 2nd, 2018 by Saurenergy The vulnerability over the inconvenience of duty – import duty, shield obligation and hostile to dumping duty – including courses of events and their quantum proceeds for the solar energy sector. The Union Budget for 2018-19 is probably going to have a generally positive effect on the power aspect with the push towards extending power […] Read more
Solar Modules Stranded at Indian Ports Because of Import Duty Altercation Updated On Sat, Jan 6th, 2018 by Saurenergy Solar modules worth more than $150 million are stuck at different Indian ports because of a disagreement about their grouping and the import charge connected to them. Solar modules worth more than $150 million are stuck at different Indian ports because of a disagreement about their grouping and the import charge connected to them, sources […] Read more
