India LED light duty reduced to 6%

India treasurer Pranab Mukherjee 16 in the annual budget speech said that the government will take on the solar thermal equipment import tax incentives, the budget also proposed to LED light goods tax cut to 6%, and the lithium ion battery used for electric vehicles and hybrid electric vehicles are tax exemption treatment.

It is reported that India's exemption from import tariffs on solar thermal equipment will reduce the cost of the construction of 7 households (1/3 of India's planned solar thermal power generation). RELiance Power Ltd. and other solar developers in the construction of the cost can be reduced. It is understood that the ad hoc compensation in India and similar domestic products tax rate of goods (about 8-9%). Including Reliance Power, including 7 solar energy manufacturers in India is expected to build a power generation of 470 MW in 2013.