July 31 (Renewables Now) - 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.
|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.