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The defense tax that the Indian government is likely to impose on solar cell imports from China and Malaysia is lower than the 70 percent tariff
proposed by the Safeguard Measures Agency a month ago, Business India Online reported.
India imposes defense tax on imported solar cells or less than 70%
The newspaper quoted a government official as saying that the Standing Committee of the Safeguards Agency was studying the appropriateness
of a 70 percent levy.
The Standing Committee has not yet made recommendations
to the Ministry of Finance.
After the investigation confirmed that imported photovoltaic products caused or could cause serious harm to domestic manufacturers, a proposal
was made in early January to impose a 70% defense tax for 200 days.
The Safeguards Agency, Customs and the Central Tax Administration at that time called for the immediate imposition of a temporary defence levy to prevent further serious harm
.
The Bridge to India (BoI) has warned that such tariffs will lead to a significant slowdown in the domestic solar industry, as well as a significant increase
in bids in the upcoming tender.
BoI estimates that at a final tax rate of 30 to 70 per cent, the solar tender price will rise by 17 to 35 per cent, or Rs 0.
45/kWh to Rs 0.
90/kWh, allowing developers to maintain economic returns
.
The proposed defense tax is for crystalline silicon and thin-film solar cells, whether assembled in modules or panels
imported from China and Malaysia.
India's imports of such products increased from 1.
28 GW in FY2014/15 to 9.
5 GW
in FY2017/18.
，
The defense tax that the Indian government is likely to impose on solar cell imports from China and Malaysia is lower than the 70 percent tariff
proposed by the Safeguard Measures Agency a month ago, Business India Online reported.
India imposes defense tax on imported solar cells or less than 70%
India imposes defense tax on imported solar cells or less than 70%The newspaper quoted a government official as saying that the Standing Committee of the Safeguards Agency was studying the appropriateness
of a 70 percent levy.
The Standing Committee has not yet made recommendations
to the Ministry of Finance.
After the investigation confirmed that imported photovoltaic products caused or could cause serious harm to domestic manufacturers, a proposal
was made in early January to impose a 70% defense tax for 200 days.
The Safeguards Agency, Customs and the Central Tax Administration at that time called for the immediate imposition of a temporary defence levy to prevent further serious harm
.
The Bridge to India (BoI) has warned that such tariffs will lead to a significant slowdown in the domestic solar industry, as well as a significant increase
in bids in the upcoming tender.
BoI estimates that at a final tax rate of 30 to 70 per cent, the solar tender price will rise by 17 to 35 per cent, or Rs 0.
45/kWh to Rs 0.
90/kWh, allowing developers to maintain economic returns
.
The proposed defense tax is for crystalline silicon and thin-film solar cells, whether assembled in modules or panels
imported from China and Malaysia.
India's imports of such products increased from 1.
28 GW in FY2014/15 to 9.
5 GW
in FY2017/18.
，
