Implementation of Basic Customs Duty on Chinese solar imports to be delayed by at least two weeks

NEW DELHI: The basic customs duty on solar imports from China, which was supposed to be implemented from August 1, will be delayed for another two to three weeks, per an industry meeting with the Ministry of New and Renewable Energy (MNRE).

The renewable energy ministry has been in talks with the Ministry of Finance over the customs duty for nearly three weeks now. The power purchase agreements (PPAs) which were already signed remain the biggest issue between the ministries, according to people present at the meeting.