Import Duty On Solar Panels In Pakistan 2020

While the exemption on this duty remains in place the change has raised a lot of eyebrows throughout the solar sector as this could potentially impact solar tariffs adversely.

Import duty on solar panels in pakistan 2020.

Solar panel imports to face 20 25 customs duty from august. The first was that in afghanistan there was a duty on import of solar material and in pakistan there was no import duty. February 02 2020 09 37 ist. Kindly refer to the following documents to ascertain the prevailing customs tariff.

As long as the government will not impose duties on the import of finished products the local market cannot grow said aamir hussain chief executive officer of tesla pv one of the largest manufacturers of. June 25 2020 uma gupta. Solar panel income tax 6 advance income tax sro used 9 will change to 6 solar panel additional customs duty 1. Hs code for solar panel 8541 4000.

There were two issues associated with this. This was to gradually come down to 20 per cent during the period between july 30 2019 and january 29 2020 and 15 per cent during the january 30 2020 july 29 2020 period. Pakistan today imports more than 95 per cent of the solar panels and other renewable energy systems it uses largely from china said aamir hussain chief executive officer of tesla pv one. Govt removes 20 per cent customs duty on solar cells panels.

The government had imposed 25 per cent safeguard duty for the period from july 30 2018 to july 29 2019. Pakistan customs tariff 2019 20 updated fifth schedule to the customs act 1969 2019 20 updated upto 30 06 2019. According to the budget documents the customs duty on solar cells and solar cells assembled in modules or made up into panels was reduced from 20 per cent to zero per cent. Basic customs duty bcd on the import of solar cells and modules was announced at 20 in the union budget for 2020 21.

Solar panel sales tax 17. This is where traders from across the durrand entered in this business. Currently the customs duty is applicable at five per cent and general sales tax gst at 17 per cent on imports of inputs as well as finished solar panels. The levy on modules will then almost double to 40 within a year and cells will see a similar rise from an initial rate of 15.

Until 2010 the market had grown to 100mw with a worth of rs10 billion numan tells us. Solar panel customs duty 3. Currently pakistan imports more than 95 percent of the solar panels and other renewable energy equipment especially from china.