Budget 2024-25: FM Proposes to Expand Exempted Capital Goods list used Manufacture of Solar Cells and Panels [Read Bill]

By exempting more capital goods from customs duty, manufacturers can import necessary machinery and equipment at a lower cost which reduces the initial investment required for setting up or expanding manufacturing facilities
By Yogitha S. Yogesh - On July 23, 2024 4:05 pm - 2 mins read
Budget 2024 coverage - Union Budget 2024 - Budget 2024 tax changes - Budget Solar Cells And Panels - Solar Cells And Panels - taxscan

The Union Finance Minister Nirmala Sitharaman presented the full – budget 2024 today before the parliament at 11 am. Energy transition is critical in the fight against climate change. To support energy transition, the FM proposed to expand the list of exempted capital goods for use in the manufacture of solar cells and panels in…

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