Safeguard duty on solar cell imports to hit domestic solar projects
The government plans to levy a 25% tax in the first year, which will be lowered to 20% in the first half of next year and further slashed to 15% in the second half of the year.
The government plans to levy a 25% tax in the first year, which will be lowered to 20% in the first half of next year and further slashed to 15% in the second half of the year.
Solar energy firms are in wait-and-watch mode; they are hoping to see a reversal in macro conditions that have slowed down the sector.
The first quarter of 2018 was the best performing quarter for solar installations in India with 3.3 GW of total installations, says Mercom India.
Adani Group is a part of four other solar panel manufacturers who sought protection against Chinese and Malaysian imports.
Piyush Goyal has set lofty solar power targets. But with tariffs on a downward trajectory and dynamics of the sector changing, he needs to tweak policy to address these changes.