Import duty won’t make solar tariffs go through the roof, say experts

Tariffs for future solar auctions might not rise as exponentially as initially feared due to the proposed steep hike in import duties on solar modules and cells from April next year, industry executives told ET. The government had earlier this month announced basic customs duty (BCD) of 40% on solar modules and 25% on cells from April 1, 2022, in a bid to encourage domestic manufacturing of solar equipment.