GSTnews item8 August 2019
India to hike import duty on solar equipment in coming years: Power Minister
News Update
India to hike import duty on solar equipment in coming years: Power Minister
In a bid to encourage domestic manufacturing, India will increase import duty on solar equipment down the value chain in the coming years, Power Minister R K Singh said on Thursday. "Right now safeguard duty is imposed on solar equipment which will be diluted in few years. We will increase tariff on solar equipment down the value chain in coming years," the minister said at a curtain raiser press conference on 3rd Global RE-Invest.
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