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India Mulls Exempting Some Projects from Solar Import Taxes (1)

March 23, 2022, 12:01 PM

India’s renewable energy ministry has backed a demand to shield some projects from impending taxes on solar equipment imports, after generators said the added costs will slow the nation’s shift to clean energy.

“We have requested Ministry of Finance to consider grandfathering of basic customs duty for projects bid out before March 9, 2021,” the renewable energy ministry said in response to emailed queries, indicating support for exempting these projects.

The levies, effective from April 1, could jeopardize solar projects with a combined capacity of 28 gigawatts, according to the National Solar Energy Federation of India. The industry group ...