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India's Increase In Taxes On Photovoltaic Modules In 2022

  • 2021-03-18


Recently, India’s Ministry of Renewable Energy (MNRE) announced that it would impose a basic tariff (BCD) on imported solar modules

from April 1, 2022.

The basic tariff on solar modules is 40% and solar cells are 25%.


Shipping Solar Panel


A senior official of India’s New Energy and Renewable Energy Agency stated that the Ministry of Taxation has “basically” agreed to the

above decision.The Department of Energy requires tariffs to be collected within 5 years, and the final tax rate and deadline will be

determined by the Department of Taxation.Generally speaking, the tax collection will be implemented as soon as possible, but the

Department of Energy has proposed to the Department of Taxation for an appropriate extension. He added: "This may take at

least three years, because it will bring certainty to the policy and allow investors to learn from it."


Indian solar manufacturers believe that long-term BCD is essential to the vigorous development of the industry. As the policy

implementation has a one-year buffer period,Indian companies will rush to increase the import volume of modules before the policy is

implemented. This policy is expected to stimulate India's export market before March 31, 2022!

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Sunetraco has entered the Indian market in 2015 and its customized solar modules are very popular in the Indian market.Such as

10w,20w,30w to 100w mono and poly solar panels.Sunetraco accept customized size solar panel.Therefore, Sunetraco is

very popular in India and we also have certificate support.

Afterwards, Sunetraco will continue to develop the Indian market, develop customers, and try its best to satisfy the needs of each

customer.


To be leader of global manufacturer of high-performance PV products.

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