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.
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