Basic customs duty on solar cells and modules: a poor decision


15 March 2021 |

We finally have it. After almost a year of uncertainty, MNRE has announced that PV cells and modules shall be subject to basic customs duty (BCD) of 25% and 40% respectively from April 2022 onwards. MNRE has also clarified that only bids submitted until 9 March 2021 shall be offered BCD related ‘change in law’ compensation


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