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INDIA: Up To 70% Safeguard Duty Looms Over Solar Cell Imports

A safeguard duty of up to 70% will be imposed on all solar cells imported into India from developed countries as well as from China and Malaysia for a period of 200 days if a proposal to that effect, which has been made by the country’s Directorate General of Safeguards, is accepted by the government.

India’s Finance Ministry has yet to announce its decision whether to impose the proposed duty, which is aimed at protecting India’s domestic solar panel manufacturing industry in the face of increasing imports, including from China, Malaysia and Singapore.

Content provided by Picture: HKTDC Research
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