India plans different solar import duties from August
Source: IBC Solar AG (www.ibc-solar.com)
India will impose a basic customs duty (BCD) on solar module and cell imports from August, immediately after the country’s solar safeguard tariffs expire.
Power and Renewable Energy Minister RK Singh told reporters that the plan is to start with a 20%-25% duty for photovoltaic (PV) modules and a 15% tariff on cells, and increase these to 40% and 30%, respectively, in the second year.
The expiring safeguard levy on PV products from China and Malaysia was initially set at 25% in 2018 and gradually fell to 15% for February-July 2020.
According to Mercom India Research, China accounted for 79% of solar imports to India in the first quarter of 2020, down from 85% in the fourth quarter of 2019.
The COVID-19 pandemic hit solar imports in the first months of the year. Then in June, a standoff at the Line of Actual Control (LAC) led to calls for a boycott of Chinese goods.