India levies photovoltaic protection tax

2024-02-15 12:10:42
Abstract On the evening of July 30th, the Indian Ministry of Finance and Taxation officially announced that since July 30, the solar cells (regardless of whether packaged as components) in China, Malaysia and other developed countries will be subject to a 25% guarantee tariff. For the Chinese group with a market share of about 90% in India...

On the evening of July 30, the Indian Ministry of Finance and Taxation officially announced that since July 30, the solar cells (regardless of whether packaged as components) in China, Malaysia and other developed countries will be subject to a 25% guarantee tariff. For China's components with a market share of about 90% in India, the price of China's components exported to India in the short term will have to fall further to the cost line to remain competitive. Experts said that India's market will weaken in the second half of 2018 and even in the first quarter of 2019, and the pressure will be even greater for domestic small and medium-sized manufacturers that have previously regarded India as a life-saving seaport.

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