{"id":404107,"date":"2021-03-10T10:19:50","date_gmt":"2021-03-10T04:49:50","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=404107"},"modified":"2021-03-10T10:58:43","modified_gmt":"2021-03-10T05:28:43","slug":"basic-customs-duty-up-to-40-to-be-levied-on-solar-imports-from-april-1-next-year","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/basic-customs-duty-up-to-40-to-be-levied-on-solar-imports-from-april-1-next-year\/","title":{"rendered":"Basic customs duty up to 40% to be levied on solar imports from April 1 next year"},"content":{"rendered":"<p>In a move that will provide respite to domestic manufactures, a basic customs duty (BCD) on solar imports up to 40 per cent is set to be levied from April 1, 2022.<\/p>\n<p>A 40 per cent charge will be imposed on solar modules, while cells will attract 25 per cent. Already bid-out projects will not be grandfathered in, the Ministry of New and Renewable Energy (MNRE) notification clarified.<\/p>\n<p>&#8220;Considering India&#8217;s huge solar targets and that electricity is a strategic sector of the economy, India needs to develop domestic solar manufacturing capacities and reduce its dependence on imports to avoid disruption in future,&#8221; said the notification. ET has reviewed a copy of it.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a move that will provide respite to domestic manufactures, a basic customs duty (BCD) on solar imports up to 40 per cent is set to be levied from April 1, 2022. A 40 per cent charge will be imposed on solar modules, while cells will attract 25 per cent. Already bid-out projects will not be grandfathered in, the Ministry of New and Renewable Energy (MNRE) notification clarified. &#8220;Considering India&#8217;s huge solar targets and that electricity is a strategic sector of the economy, India needs to develop domestic solar manufacturing capacities and reduce its dependence on imports to avoid disruption [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-404107","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/404107","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=404107"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/404107\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=404107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=404107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=404107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}