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July 21, 2019

India to impose tariff barrier on solar cells, modules, inverters from 1 August

Modules account for nearly 60% of a solar power project’s total cost. Clean energy projects now account for more than a fifth of India’s installed power generation capacity

NEW DELHI: In what will make solar cells, modules and inverters imported from China expensive, India is set to impose a basic customs duty as soon as the safeguard duty, currently in place, expires on 29 July, said two people aware of the development.

To impose this 20% tariff barrier on imports of green energy equipment, the ministry of new and renewable energy will soon write to the ministry of commerce and industry.

Also, to ensure that the already bid out projects and the electricity tariffs quoted are not hit, the government plans to ‘grandfather’ such projects and is collating details along with the tentative equipment import date

Mint reported on Monday about India’s plan to take a call on the date from when the basic customs duty will be imposed.

The National Democratic Alliance (NDA) government had imposed the safeguard duty on solar cells and modules imported from China and Malaysia on 30 July, 2018.
“The basic customs duty on solar cells, modules and inverters will be imposed shortly. The ministry of new and renewable energy will shortly be writing to the commerce ministry for imposing the same as soon as the safeguard duty ends,” said a senior government official requesting anonymity.

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