The prime minister had constituted a high-powered committee for the evaluation of policy. The first time the ECC considered the summary for Solar Panel & Allied Equipment Manufacturing in its meeting on March 6, 2023 but, it was deferred with the direction to review the proposed policy in a holistic manner in consultation with all stakeholders.
The summary was again considered in the 47th meeting of the Tariff Policy Board held on April 19, 2023, whereby the CEO Engineering Development Board (EDB) proposed protection for local industry from the imported solar panels, parts and allied equipment through a year-wise Customs Duty/Regulatory Duty on the finished products, reduction in duties on import of inputs used in the manufacturing of solar panels, parts and allied equipment, exemption from duties on import of plant, machinery and equipment used for manufacturing of solar panel, parts and allied equipment. The Federal Board of Revenue (FBR) requested the list of parts and equipment on which duty reduction was requested for their impact analysis.
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