Solar Panel Safeguard Duty

Duty free entry below 2 5 gigawatts then after that quota limit the us will apply safeguards duties over 4 years as follows.

Solar panel safeguard duty.

The directorate general of trade remedies dgtr has recommended a 25 percent safeguard duty on solar cell imports from china and malaysia for the first year followed by a phased down approach for a second year. The directorate general of trade remedies dgtr had recommended the safeguard duty on solar panels and modules imported from china and malaysia in mid july. While the local industry wanted the duty to be extended for four years the directorate said a one year extension would be adequate. The 25 per cent safeguard duty on solar panels cells imported from china and malaysia has had both domestic manufacturers of cells and solar energy companies beating their foreheads on the desk.

The government has levied safeguard duty of 25 percent on solar imports from china and malaysia. In the first six months of the second year a safeguard duty of 20 percent will be payable by exporters to india and in the latter half of the second year exporters will pay a safeguard duty of 15 percent. Last week the directorate general of trade restrictions dgtr recommended that safeguard duty on solar panels and modules imported from china and malaysia should be imposed for two years 25 for the first year 20 for the first six months of the second year and 15 for the remaining six months. 30 ad valorem in year 1 25 in year 2 20 in year 3 and 15 in year 4.

The safeguard duty of 25 percent on solar modules and cells will be in force from july 30 2018. Solar cells and modules the majority of which are imported from china are exempted from basic customs duty at present but attract a 15 safeguarding duty until july. They have sought continued imposition of the safeguard duty imposed on imports of solar cells whether or not assembled in modules or panels into india to protect the domestic producers from increase in imports according to a notification of the directorate general of trade remedies dgtr. The ministry of finance department of revenue levied the duty based on the final recommendations proposed by the directorate general of trade remedies dgtr.