Imported inverters and solar lanterns could become more expensive from April as the new budget increased the fees for each category from 5% to 20% and 15% respectively.
February 3, 2021
The budget was announced by the Indian Minister of Finance and Corporate Affairs, Nirmala Sitharaman.
Image: Press Information Bureau on behalf of the Ministry of Finance of the Government of India / Wikimedia Commons / https: //bit.ly/3oEyZlb
India's new Union budget has tried to boost domestic production by raising import duties on finished products like PV inverters and solar lanterns.
Imported components and structures of solar projects are also getting more expensive, but the price of the raw materials from which they are made, such as B. coated steel for the assembly of structures will help with an eight month suspension of anti-dumping duties.
To read the full story, please visit our pv magazine India Page? ˅.
This content is protected by copyright and may not be reused. If you would like to work with us and would like to reuse some of our content, please contact: firstname.lastname@example.org.