BCD

Indian solar importers will no longer be permitted to postpone payment of the nation's standard customs task (BCD) following a new order from tax obligation authorities.

PV module prices in India have increased by ~ 38% in the last 20 months, in part due to provide chain disruptions and also increasing solar demand, with rates not expected to drop till completion of following year.

India's Production Linked Incentive (PLI) plan is expected to add up to 40GW of added cell and also module production capacity in the nation as it runs in tandem with the country's upcoming Basic Customs Duty (BCD), according to Indian rating agency ICRA, a Moody's Investors Service firm.

Indian utility Tata Power will aim to benefit from policy support from India's government as it sets up new cell as well as module manufacturing capacity in the country.

The Indian government is reportedly either thinking about a delay to its customs duty on imported solar items or allowing domestic projects to push back deadlines taking into account unpredictability from Chinese providers, the nation's renewable resource priest, RK Singh, told the Economic Times.

The expiry of the Safeguard Duty was recognized, and yet, there is zero clearness on its extension or any other ways to maintain status once it ends tomorrow. For the federal government, a zero duty period appropriate upto April 2022, when the new duty framework kicks in, seems like an unlikely choice. Expect an impromptu solution soon for residential manufacturers.

The power minister's recognition of using 'non-tariff' barriers as a tool must lay to rest uncertainty on any type of relaxations coming in for solar imports. The only pending concern now is the status message July 29, when the existing SGD is readied to expire.

Module and also cell makers in India will expand their manufacturing abilities by 13.75 GW for modules and also 6.9 GW for solar cells, according to research by JMK Research and Analytics.

Gautam Solar has more than doubled its photovoltaic panel manufacturing ability from 120 MW to 250 MW at its facility in Haridwar.