MNRE reduces effective custom duty back to zero after increment in Budget
NEW DELHI: Following the Union Budget announcement that photovoltaic (PV) cells and modules would now incur customs duty, the Ministry of New and Renewable Energy (MNRE) clarified that the effective basic custom duty would be zero.
The Budget had a provision that levied a 20% basic customs duty on PV cells and modules.
A notice issued by the MNRE also asked solar manufacturers to list items they would like to be exempted from the list.
