Custom Duty On Solar Panels In India Post Gst

Budget 2020 union budget of india.

Custom duty on solar panels in india post gst. 40 8 custom duty is on solar inverter import into india post gst. Solar cells whether or not assembled in modules or panels updated india import duty and custom duty of customs tariff of 2006 2007 2008 and 2009 in single view. Search for customs duty after gst by product description or hs code or combination of both. Illuminated signs illuminated name plates and the like having a permanently fixed light source and parts thereof not elsewhere spe free search indian hs classifications.

Mounted piezo electric crystals. 5 gst on solar power generating systems prakash rai 25th may 2017 the goods and services tax also known as gst is hailed as one of the biggest tax reforms of india and is expected to have a major impact on our economy. Photosensitive semi conductor devices. 18 gst on solar cells and modules.

Basic import duty 10 igst 28 levy on solar inverter. Including photo voltaic cells whether or not assembled in modules or made up into panels. The safeguard duty of 25 percent on solar modules and cells will be in force from july 30 2018. Custom duty india came into existence under the customs act 1962 allows the government of india to levy customs duty on imports and exports prohibit import and export of goods procedures for importing or exporting offenses penalties etc.

Similarly the impact of add and safeguard duty can be calculated once we know the rate of duty levied. Solar modules contributes to 60 of the cost of solar power projects so if a 7 5 import duty is levied on solar modules it can lead to an increase in the cost of solar projects by 4 5. The order issued by ministry of finance goi is in spite of the orissa high court s stay order up to august 20 2018 put on the safeguard duty proceedings. Still you can find latest custom duty of your product from list given below.

Hs code of chapter 9405 list of hs codes for lamps and lighting fittings including searchlights and spotlights and parts thereof not elsewhere specified or included. Custom duty in india.