From: Potential of wind power projects under the Clean Development Mechanism in India
Type of incentive | Description | Rate |
---|---|---|
I. Indirect Taxes | i) Wind operated electricity generators upto 30 kW and wind operated battery chargers upto 30 kW. | 5% |
ii) Parts of wind operated electricity generators for manufacturer of wind operated electricity generators, namely: Special bearing, Gear Box, Yaw components, Wind turbine controllers. | 5% | |
Sensors, Brake hydraulics, Flexible coupling, Brake callipers. | 25% | |
iii) Blades for rotor of wind operated electricity generators for the manufacturers or the manufacturers of wind operated electricity generators. | 5% | |
iv) Parts for the manufacturer or the maintenance of blades for rotor of wind operated electricity generation. | 5% | |
v) Raw materials for manufacturer of blades for rotor of wind operated electricity generators. | 5% | |
II. Excise Duty | Devices/Systems exempted from Excise Duty: | |
i) Wind operated electricity generator, its components and parts thereof including rotor and wind turbine controller. | ||
ii) Water pumping wind mills, wind aero-generators and battery chargers. [Notification No.6/2002 dated 01/03/2002 (S.No.237 non-conventional devices/systems)] | ||
III. Sales Tax | Exemption/reduction in Central Sales Tax and General Sales Tax are available on sale of renewable energy equipment in various states. | |
i) 80% Accelerated Depreciation on specified Non-conventional Renewable Energy devices/systems (including wind power equipment) in the first year of installation of the projects. | ||
ii) Tax Holiday on Power Projects. |