The dark side of India’s solar gamble10 min read . Updated: 07 Apr 2021, 05:47 AM IST
- A steep tariff wall is set to be erected on solar module imports. But there is another, more effective path ahead
- While it is sound, in principle, to extend protection in return for performance, setting up suitable performance criteria and choosing relevant time horizons for its delivery is not easy
SINGAPORE/CHENNAI : In December, news reports indicated that the ministry of new and renewable energy had proposed a 20% basic customs duty (BCD) on solar module and cell imports. Fast forward three months, that has gone up to a proposed duty of 40% on solar photo-voltaic (PV) modules and 25% on solar photo-voltaic cells from April 2022. There is an existing safeguard duty which was first imposed in 2018. That is expiring in July.
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