Imported Solar Panels In India

As part of an accelerated manufacturing plan that is being operationalised in india it is.

Imported solar panels in india. The safeguard duty of 25 percent on solar modules and cells will be in force from july 30 2018. In fy17 fy18 and fy19 india s solar imports from china stood at usd 2 817 34 million usd 3 418 96 million and usd 1 694 04 million respectively the minister said in a written reply in parliament. The economic times newspaper has reported the indian government is considering levying a basic customs duty of 20 25 on imported solar panels from august with the tax to rise to 40 within a year. The solar panels or modules imported from china are generally cheaper than those produced by domestic manufacturers singh said.

Pib govt of india. So far the demand for solar components is largely met through imports from china that are cheaper than those produced in india or imported from other countries. The main reason behind importing it is that the manufacturing process of cells is far too expensive requires great infrastructure fir which i believe india is lagging here. The ministry of finance department of revenue levied the duty based on the final recommendations proposed by the directorate general of trade remedies dgtr.

In fy17 fy18 and fy19 india s solar imports from china stood at 2 817 34 million 3 418 96 million and 1 694 04 million respectively the minister said in a written reply in parliament. Modi said that several steps are being taken to increase domestic manufacturing and it has been. Solar panels do get manufactured all over india its solar cells of which solar panels are made that get imported from china. Solar cells would attract 15 customs duty from august the times reported quoting minister for new and renewable energy rk singh with that figure to rise to 30.

It is now bound to hike solar power tariffs in india since around 90 of panels the sector uses are. India imported 2 16 billion worth of solar photovoltaic pv cells panels and modules in 2018 19. The government has levied safeguard duty of 25 percent on solar imports from china and malaysia. Certain domestic players had claimed that on account of the surge in imports of the cells many domestic producers have kept their production facilities almost idle and the heavy losses have crippled the domestic industry.

India imported 2 16 billion worth of solar photovoltaic pv cells panels and modules in 2018 19. India produced 842 mw solar cells in 2017 18. The duty typically imposed during import surges is meant to protect domestic manufacturers.