Adani, Tata, Waaree, Vikram Solar To Benefit From Abolition Of Customs Duty On Solar Tempered Glass


Adani, Tata, Waaree, Vikram Solar To Benefit From Abolition Of Customs Duty On Solar Tempered Glass

Adani Group, Waaree Group, Vikram Solar and Tata Power Solar are among the top few domestic solar manufacturers who would stand to benefit from the abolition of 5% customs duty on solar tempered glass as announced in the budget. Their capital expenditure cost would reduce by 3%.

According to the Budget 2018 proposal, the Ministry of Finance wants to do away with customs duty on solar tempered (anti-reflective coated) glass meant for manufacturing solar cells, panels and modules in India. Currently, 5% customs duty is levied on the same.

“We (the domestic players) work on wafer thin margins. Abolition of customs duty will make it more economical to manufacture the module. Solar tempered glass accounts for 10% of total production cost. Elimination of customs duty on the solar tempered glass will not have an effect on per unit cost of energy production, but it will make solar module production more competitive,” said Sunil Rathi, director (sales & marketing), ?Waaree Group. Read More…

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