'Import duty sops for ₹1.3L cr solar projects will continue’
The Times of India|November 03, 2022
New Delhi: Solar projects involving investments of Rs 1.3 lakh crore bid out before March 2021 will be exempted from the revenue department’s order scrapping lower customs duty under the concessional project import scheme for solar sector, power and renewable energy minister Raj Kumar Singh told TOI.
Sanjay Dutta & Sidhartha
'Import duty sops for ₹1.3L cr solar projects will continue’

The move will bring reprieve for 26,000 MW capacity under various stages of implementation by keeping the doors open for equipment imports worth Rs 60,000 crore at 5% duty, instead of the 40% basic customs duty (BCD) that came into effect from April 1.

Singh said the ministry has also decided to give a 12month extension to pre-March 2021 projects to ensure capacity addition did not suffer.

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