Setback For Developers As India Plugs Customs Loophole
India Excludes Solar Plants From Paying Concessional Duty On Imported PV Equipment
Indian Ministry of Finance has excluded solar power plants from paying concessional custom duty on importing PV equipment for projects as is allowed under Project Import Regulations, 1986, thereby shutting the loophole that some developers had report.
North America PV News Snippets
Timken’s High-Precision Drives For Abu Dhabi’s 2 GW Solar Project & More From EnergySage, CUSMA
Schneider Electric has acquired controlling stake in EnergySage; CUSMA dispute settlement panel rules in favor of Canada in case with US on solar safeguard tariffs; Timken will supply its high-precision drives for 2 GW Al Dhafra PV2 site in UAE’s Abu Dhabi.
India Imposes Basic Customs Duty On Cells & Modules
MNRE Says From April 1, 2022 Solar Cells Imported Into India To Attract 25% & Solar Modules 40% Basic Customs Duty To Encourage Domestic Production; No Grandfathering Of Bid Out Projects
The Ministry of New and Renewable Energy (MNRE) has confirmed India is imposing Basic Customs Duty (BCD) on imported solar cells and modules with effect from April 1, 2022.
Safeguard Duty In India Near
Supreme Court Of India’s Interim Order Allows 25% Safeguard Duty Implementation From July 30, 2018, According To Mercom
The Supreme Court of India’s interim order allowing the Ministry of Finance, headed by Arun Jaitley (in the picture), to go ahead with 25% safeguard duty implementation, was a result of the ministry moving the court against Orissa High Court’s order to withdraw its notification issued on July 30, 2018.
Cypress Creek Cancels 1.5 GW PV Projects
US Solar Power Project Developer Cypress Creek Decides To Not Go Ahead With Planned $1.5 Billion Solar Power Project Development Citing Rising Costs Due To Trade Tariffs
US President Donald Trump issued instructions in January 2018 to impose safeguard tariffs of 30% on imported PV cells and modules, which is now starting to impact project developers.
