Connect with us

Renewable Energy Times

India slaps China, Malaysia with 25% safeguard duty on PV imports

Solar

India slaps China, Malaysia with 25% safeguard duty on PV imports


July 31 (Solar) – India’s Ministry of Finance on Monday announced a decision to impose a 25% safeguard duty on solar cell and module imports from China and Malaysia.

The duty was levied following a recommendation from earlier this month by India’s Directorate General of Trade Remedies (DGTR) after an investigation confirmed that photovoltaic (PV) product imports from those two countries cause or threaten to cause serious injury to domestic manufacturers in India. The tariffs became effective on July 30.

According to the government’s ruling, the 25% duty will run for one year and then reduce to 20% for a six-month period, falling to 15% in the final six-month period.

The following table contains specifications for each of the three categories.

Duty Period
25% July 30, 2018 – July 29, 2019
20% July 30, 2019 – January 30, 2020
15% January 30, 2020 – July 29, 2020

All duties will be imposed “ad valorem minus anti-dumping duty payable, if any” when imported during the relevant period, according to the announcement in the Gazette of India. Other developing nations, except from China and Malaysia, are exempt from the duty.


Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

More in Solar

Categories

July 2018
M T W T F S S
« Jun   Aug »
 1
2345678
9101112131415
16171819202122
23242526272829
3031  

Follow

Subscribe to notifications
To Top
%d bloggers like this: