Indian LED lights tax come down to 6%

On March 16th, Indian financial minister, PranabMukherjee, said in the annual budget speech, that the government will adopt duty-free incentive to imported solar heating equipment, thus solar energy developers such as ReliancePowerLtd may reduce their cost of building Manufacturers. On the other hand, the budget also put forward the LED lights tax will come down to 6%, and offer duty-free treatment for the lithium ion battery used on electric vehicle and oil& electricity mixed cars.