India Consider 7.5% Tariff on Imported Solar Panels
- Government mulling tax on shipments for future solar bids
- Solar panels may be reclassified as motors to attract tax
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India, the largest buyer of solar equipment from neighboring China, is considering a 7.5 percent tax on imported solar panels, according to government officials with knowledge of the situation.
Such imports aren’t taxed now, but might be reclassified as motors, which are subject to the tariff, the officials said, asking not to be named until a final decision was taken. The finance ministry is considering the renewable-energy ministry’s request to tax panels imported for projects won under future solar auctions while exempting those already awarded, they said.