Solar glass sales tax rate concession

Does India impose antidumping duty on solar glass imports from China?

India’s Ministry of Finance has imposed an antidumping duty on solar glass imports from China in the range of $673 to $677 per metric ton and for imports from Vietnam at $565 per metric ton.

How will the dgtr impose tariffs on solar glass?

The proposal suggests a five-year duty structure, following an investigation launched in February 2023. Unlike traditional tariff measures, the DGTR has introduced a reference rate system to regulate the landed value of solar glass imports. Under this system, authorities will impose duties only when import prices drop below the reference threshold.

How many metric tons of solar glass did China Import in 2020?

The findings revealed a dramatic increase in solar glass imports, escalating from 29,980 metric tons in 2020-21 to 7,79,017 metric tons during the investigation period. Chinese imports surged from 29,324 to 6,59,732 metric tons, while imports from Vietnam grew from 656 to 1,19,285 metric tons.

Why was solar Glass slapped with a duty of $565 per metric ton?

Solar glass from Vietnam has been slapped with a duty of $565 per metric ton. The ruling follows DGTR recommendations based on the findings of its anti-dumping investigation. The investigation was initiated on the application of Borosil Renewables Ltd on behalf of the domestic solar glass manufacturing industry.