Tax Quibble Stalls India Solar Cargoes, Delaying Projects [Bloomberg Business News]
Azure Power Global Limited Equity Shares (AZRE)
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Source: Bloomberg Business News
By Anindya Upadhyay More stories by Anindya Upadhyay , Rajesh Kumar Singh More stories by Rajesh Kumar Singh , and Shruti Srivastava More stories by Shruti Srivastava Updated on Chennai port customs halts 900 containers seeking higher levy Project costs are increasing because of delays, developers say Several solar projects in India are facing delays and inflated costs as customs officials have blocked more than 900 containers of panel shipments for more than a month by demanding higher import duties. Officials clearing import shipments at the Port of Chennai in South India are classifying solar panels as motors, which attract 7.5 percent import duty as opposed to zero on solar modules, said Sunil Jain, chief executive officer of Hero Future Energies Ltd., a company backed by International Finance Corp. A 30-megawatt s
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