Customs Duty On Solar Panels

See 83 federal register 3541 january 25 2018.

Customs duty on solar panels.

Solar panel imports to face 20 25 customs duty from august. In matters of current us and china trade war in 2018 the trump administration put 30 tax on imported solar cells and panels which is to decline annually and reach 15 in 2021. And an additional duty for modules comprised of cspv cells effective february 7 2018. The ministry of new and renewable energy is likely to clarify the matter of basic customs duty bcd on imported solar equipment within the next two months.

When calculating us duty rates on solar panels from china you need to remember about checking the additional tariffs. There are a few possible ways this could turn out based on the current industry. Citing power as a strategic sector the power minister said all imported goods will be checked for the presence of malware. The tax will rise to 40 within a year.

China customs statistics trade data. In a surprising development the government in an amendment has split the earlier tariff item 8541 40 11 solar cells whether or not assembled in modules or panels into two. As of 2019 the tariff is 25. Imports of solar panel the main component of a solar power system will be subject to 10 percent customs duty vat and other taxes totaling an additional cost of 37 5 percent in the next fiscal.

Impact of basic customs duty on solar cells and modules. 8541 40 11 solar cells not assembled and 8541 40 12 solar cells assembled in modules or made up into panels and proposed a basic customs duty of 20 on both the tariff items. The basic customs duty has been under exemption since march 2005 to make solar power competitive and affordable for end users. During the budget session the ministry of finance mof split the earlier tariff item 8541 40 11.

The levy on modules will then almost double to 40 within a year and cells will see a similar rise from an initial rate of 15. Hs code for solar panel 8541 4000 import duty on solar panels in pakistan solar panel customs duty 3. A 20 percent basic customs duty had been announced in the last budget but has not been imposed yet. In a push for the self reliant solar sector the indian government is now considering levying a basic customs duty of 20 25 on imported solar panels.

Qb 18 111 2018 solar cell modules. Winners and losers tariff items split.