Customs duty exemption for equipment in renewable energy
Name of Incentive
Customs duty exemption for equipment in renewable energy
Type of Incentive
Tax Incentive
Ministry
Agency
Sector
Power
Sub Sector
Product/Activity
Incentive Details
Description
No customs duty for machinery equipment and spares (including construction machinery, equipment, and specialized vehicles imported on temporary basis) meant for the initial installation or for balancing, modernization, maintenance, replacement, or expansion after commissioning of projects for power generation utilizing renewable energy resources (specifically, small hydro, wind, and solar), subject to fulfilment of conditions under the relevant SRO.
Criteria for Consideration
No customs duty for machinery equipment and spares (including construction machinery, equipment, and specialized vehicles imported on temporary basis) meant for the initial installation or for balancing, modernization, maintenance, replacement, or expansion after commissioning of projects for power generation utilizing renewable energy resources (specifically, small hydro, wind, and solar), subject to fulfilment of conditions under the relevant SRO.
