One of the major causes of uncertainty for India’s solar sector has been put to rest after the Central Board of Indirect Taxes and Customs (CBITC) clarified that most PV modules will not be subject to customs duty.
India has launched an anti-dumping investigation into imports of EVA sheets for solar modules from China, Malaysia, South Korea, Thailand and Saudi Arabia.
India’s large-scale solar space, which has been dominated by Solar Parks in the last two years, now has standalone projects firmly back on the map with multi-Gigawatts of capacity up for grabs and a chance for higher risk-taking players.
India’s Ministry of New and Renewable Energy (MNRE) has issued a clarification in its guidelines for tariff-based competitive solar procurement implying that a change in duties will henceforth be covered as a ‘Change in Law’, which would give developers protection in case a safeguard, anti-dumping or any other duty is imposed.
South African court rejects bid to block US$4.7 billion renewable energy deals, Canadian Solar acquires a 97.6MW solar project in Argentina, Nigerian Renewables association decries solar import duty.