Monday, July 28, 2014: In a recent development that would provide a huge impetus to Indian solar panel manufacturers, the Finance Ministry of India is considering the Director General of Anti Dumping’s recommendation that Anti Dumping Duty (ADD) upto $0.81 (Rs 48.6 per Watt) be imposed on imports from Malaysia, the US, Taiwan and China. The development was disclosed by Union Commerce and Industry Minister, Nirmala Sitharaman.
According to the DGAD the sumptuous ‘dumping’ of solar cells, modules or panels from China, Taipei, Malaysia and USA below the normal value has significantly hampered the domestic solar industry. As such the DGAD has recommended anti-dumping duties of up to $0.48 per watt on solar cells coming from the US and $0.81 per watt from China. Meanwhile, it has recommended duties of up to $0.62 per watt and $0.59 per watt from Malaysia and Taiwan, respectively. “The recommendations of the designated authority (DGAD) are under the consideration of the Ministry of Finance,” Sitharaman said in a written reply to the Rajya Sabha.
The department of Commerce has also openly backed the DGAD’s recommendations opining that the move will protect the local industry while boosting local manufacturing in the country.
