PARLIAMENT QUESTION: ZERO CUSTOM DUTY ON IMPORTS FOR NUCLEAR SECTOR

PARLIAMENT QUESTION: ZERO CUSTOM DUTY ON IMPORTS FOR NUCLEAR SECTOR

The Zero customs duty on the imports of goods required for nuclear power projects will result in reduction of the project cost and the unit cost of electricity generated. This will make the projects more viable.

The customs duty exemption on imports of goods required for Nuclear Power Projects will make the projects more economically viable and result in reduced tariffs for the consumers. This will also enable wider private participation in backdrop of SHANTI Act, 2025.

The categories of equipment expected to be covered under the zero custom duty regime are critical equipment such as Reactor Pressure Vessels (RPVs), Steam Generators (SGs), Pressurizers, Turbines and other related equipment for Light Water Reactors being set up with foreign cooperation

The custom duty exemption on imported components will reduce timelines involved in custom clearances and result in faster deliveries of equipment to projects.

The customs duty exemption will augment addition of nuclear energy at faster pace thereby achieving the goals of 100 GW nuclear energy capacity by 2047 and clean energy transition towards Net Zero carbon emissions by the year 2070.

This information was given by Union Minister of State (Independent Charge) for Science & Technology and Earth Sciences, and Minister of State in the Prime Minister’s Office, Personnel, Public Grievances and Pensions, Atomic Energy and Space, Dr. Jitendra Singh, in a written reply in the Lok Sabha on Wednesday.