Phased manufacturing plan for photo voltaic panels, cells might embrace BCD
Even if the government has not pushed ahead with its intention to introduce Basic Customs Duties (BCD) for solar panels into the Union budget, a phased manufacturing plan for solar cells and modules announced on February 1 could include this component.
“In no way can we conclude that BCD will not take place,” Indu Shekhar Chaturvedi, secretary of the Ministry of New and Renewable Energy, said during a post-budget press conference on Tuesday.
“If you look carefully at the budget, it is written that the government is issuing a phased manufacturing plan. So the step-by-step production plan is a kind of policy that includes everything, including basic customs fees, ”said Amitesh Kumar Sinha, Joint Secretary of MNRE, at the briefing.
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“We are waiting for some … clarifications from the Treasury Department and we hope to have them in a day or two,” he added.
In June last year, the Minister for New and Renewable Energies, RK Singh, stated that the government intended to impose a BCD on solar cells and modules to prevent imports in this sector.
While the budget speech delivered by Finance Minister Nirmala Sitharaman had spoken of raising certain tariffs on solar inverters and lanterns to encourage domestic production, it did not include BCDs for these components.