Govt mulls cutting solar panel import tax to make up domestic shortfall
India is contemplating halving the import tax on solar panels to 20% and rolling back the goods and services tax on the devices from 12% to 5%. According to three government officials, the move will fill a shortfall in domestic output as demand for renewable energy rises, especially for solar power, alongside the target of 365 GW of installed solar energy by 2031-32.
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