Solar Panels Import India

Solar cells would attract 15 customs duty from august the times reported quoting minister for new and renewable energy rk singh with that figure to rise to 30.

Solar panels import india.

Vietnam accounted for 6 7 of india s imports of solar cells and modules in q1 2019 totaling 40 million 2 7 billion making it the second largest solar exporter to india. We provide most authentic import shipment data based on bill of entry of indian companies that import solar panel from thailand and many other countries please call us on 91 11 40703045 for list of active importers of solar panel in india. The economic times newspaper has reported the indian government is considering levying a basic customs duty of 20 25 on imported solar panels from august with the tax to rise to 40 within a year. Along with the india export import data infodriveindia also provides solar panel usa import data which is accurately gathered using bills of.

In fy17 fy18 and fy19 india s solar imports from china stood at usd 2 817 34 million usd 3 418 96 million and usd 1 694 04 million respectively the minister said in a written reply in parliament. The government on saturday announced removal of 20 per cent import duty on solar cells and panels in the budget with immediate effect according to the budget documents the customs duty on solar cells and solar cells assembled in modules or made up into panels was reduced from 20 per cent to zero per cent. India both imports and exports solar panel hs code 85414011 but it more imports solar equipment than exports the country s imports of solar panel increased by 39 and exports dropped to 56 between 2016 and 2017. Infodriveindia provides latest solar panel export import data and directory of solar panel exporters solar panel importers solar panel buyers solar panel suppliers manufacturers compiled from actual shipment data from indian customs and us customs.

Allaying fears that any hike in import duty may increase solar energy tariff bidding rate he assured that it will not impact solar energy bidding process in india. Solar panel import data of india 2017 solar panel importers in india 09 march 2018. Date hs code description origin country port of discharge unit quantity value inr per unit inr nov 22 2016. In july last year india had imposed a safeguard duty on imports of solar cells from china and malaysia for two years to protect domestic players from steep rise in inbound.