MNRE Grants BCD Exemption For Imported Solar Capital Goods

0
153

The Ministry of New  & Renewable Energy (MNRE) has recently accepted a request to provide a list  of capital goods and machinery  required for inclusion in list 19 for exemption from payment of BCD.

Department of Revenue has earlier exempted certain capital goods from payment of Basic Customs Duty (BCD) when imported into India which includes capital goods required for manufacturing of Solar PV Cells and Modules.

The Ministry of New & Renewable Energy  consulted with the Ministry of Finance and Department of Heavy Industry regarding the same. The Ministry has decided that In order to expedite such updation priority will be given to high-value capital goods.

For further necessary action the ministry ordered Solar PV  Manufacturers and Solar PV Manufacturer  Associations to provide a list of high-value machinery/capital goods required for the manufacturing of Solar PV Modules from Cells, Solar PV Cells from Wafers and Thin Film PV Modules by 09.10.2020.

To know more about the order refer to the document below:

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.