MYSUN

In support of the domestic solar panel manufacturing industry, India may soon impose a Basic Property Rate on imported modules and solar cells. It has been reported in various media outlets, 40% basic taxation programs on solar modules and 25% on solar cells are ongoing as stated by energy and renewable energy minister Mr Raj Kumar Singh. Background of Taxation Work More than 80% of the solar modules used in solar projects in India are exported to countries such as China and Malaysia. The placement is therefore said to be part of the Atmanirbhar Bharat or Self-Reliant India strategy which aims to increase industry dependence on home-produced modules and cells. Currently, there is a  safeguard duty of 15% security tax levied on such purchases. The property tax base, once operational, will replace security services. The project is expected to start in April 2022. MYSUN's Takes: How will job placement affect you as a Power Consumer? Basic Customs Duty, although it is said to be used...

No industry has been left unimpacted by the ongoing crisis. Smart businesses, therefore, are turning towards opportunities that are risk-free and in the long term will help the business grow and expand without becoming a liability. Going solar, therefore, is on the priority list of several smart business leaders as it is one such investment that saves businesses Lakhs of Rupees on power bills over the period of 25 years. If you are also considering going solar, and are reading to know more about it, here are the 7 unbelievable benefits of solar power for businesses which will help you make your mind up and go solar: 1. You don’t just contribute to the environment but Save Lakhs of Rupees every year by going solar Going solar might seem like an environmental decision but the reality is that for businesses, it is also a strategic business decision. Going solar makes businesses power-independent and they generate their own electricity. This reduces their dependence on the grid and saves t...