Business Standard

Central government to help domestic solar industry after sharp duty hike

The government may provide direct incentives to the producers of solar modules as it believes that tax cuts may lead to practical difficulties

Photo: Bloomberg
Premium

Photo: Bloomberg

BS Web Team New Delhi
The Centre may soon announce several incentives for the domestic solar industry to ease the pressure due to high import duties on solar modules and cells. It will, however, not be in the form of tax cuts, a report in Mint stated. 

The government may provide direct incentives to the producers of solar modules as it believes that tax cuts may lead to practical difficulties. Also, it may set a precedent for more sectors asking for tax breaks, the report added. 

The government announced a 40 per cent basic customs duty (BCD) on solar modules in 2021 and 25 per cent

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 31 2022 | 1:37 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com