Indian Media: The Government Refuses To Cancel The Import Tax On Solar Cells

- Jan 05, 2018-

The Indian government appears to have rejected a request from the new energy and renewable energy department (MNRE) last year to remove tariffs on solar cells, according to the economic times.

印媒:政府拒绝取消太阳能电池进口税

India's new energy and renewable energy department is understood to be supporting demand from solar developers that solar panels should continue to be exempt from taxation.

Industry experts said, this will mean solar developers from overseas to buy import duties on solar cells need pay around 10%, and the basic solar electricity price decline over the past three years may be offset by the impact.However, in the past few rounds of tenders, developers based on the zero-tax rates may have some relief.

According to India's finance minister, Hasmukh Adhia meeting on December 6, the meeting record of stakeholders and government, tax will continue to be valid, developers will lose solar projects in India since 2010 since the start of the concession.

"Policy intervention without tariffs is not necessarily an ideal way to boost growth in India's solar power sector," said finance minister Hasmukh Adhia.Especially when the antidumping agency is investigating whether there are dumping practices in imported solar cell products to protect domestic industries.