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India Mulling Tax On Foreign Solar Products

Mary Swire, Tax-News.com, Hong Kong

18 January 2018


India is proposing to levy a safeguard duty of 70 percent on imports of solar-power equipment from China and Malaysia.

In a preliminary finding, an investigation by authorities in India found that imports of "solar cells, whether or not assembled in modules or panels" are causing injury to the local industry. It has been proposed that the 70 percent levy should be in place for 200 days.

Import volumes of solar products into India have increased by 643 percent over the past four years. Imports now account for 90 percent of the total market, while the domestic industry has seen its market share decline from 13 percent to 7 percent over the same period.

TAGS: tax | India | law | China | Singapore | Taiwan | manufacturing | Malaysia | trade

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