Custom Duty On Solar Panels In India Post Gst

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.

Custom duty on solar panels in india post gst. 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. Customs duty of hs code 8541 diodes transistors and similar semi conductor devices. Basic import duty 10 igst 28 levy on solar inverter. 18 gst on solar cells and modules.

Similarly the impact of add and safeguard duty can be calculated once we know the rate of duty levied. The safeguard duty of 25 percent on solar modules and cells will be in force from july 30 2018. Including photo voltaic cells whether or not assembled in modules or made up into panels. According to the budget documents the customs duty on solar cells and solar cells assembled in modules or made up into panels was reduced from 20 per cent to zero per cent.

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. Free search updated new customs duty india new customs duty after budget indian customs duty calculator customs tariff india import duty india cvd special duty additional duty custom duty structure customs duty of chapter 01 to chapter 98 updated till 2012. Search for customs duty after gst by product description or hs code or combination of both. 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. 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. 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.

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. Custom duty in india.