POWER MINISTER RK Singh on Friday said the government has no plans to reduce the basic customs duty (BCD) on import of solar cells and modules, but hinted at extending the relaxation of the Approved List of Indian Models and Manufacturers (ALMM) mandate beyond the current financial year.
"I have relaxed ALMM for one year, but if domestic manufacturers increase the price of solar modules unnecessarily, I will enhance the relaxation so that solar power developers can buy these from outside," Singh said.
In April 2022, the government imposed a BCD of 25% and 40% on import of solar cells and solar modules, respectively, to boost domestic production that go into development of solar power plants.
Along with the duty, the government brought in a mandate for solar power developers to source their inputs from the ALMM. But, in March 2023, it exempted solar projects from ALMM mandate for one year till March 2024.
هذه القصة مأخوذة من طبعة August 05, 2023 من Financial Express Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة August 05, 2023 من Financial Express Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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