Wednesday, May 21, 2014: Government may impose steep dumping duty on solar gear imports, and this move can increase the cost of imported solar cells—a good news for domestic cell manufacturers.
According to an Economic Times report, the commerce ministry is considering imposing a dumping margin range of 50-60 per cent on US and 100-110 per cent on China, which is the largest exporter of solar cells worldwide. The ministry has identified 58 manufacturers, mostly from China, followed by Taiwan, Malaysia and the US as the countries involved in the case of dumping filed by a group of domestic manufacturers two years ago.
“The dumped imports of the subject goods from the subject countries have increased in absolute terms as also in relation to production and consumption of the subject goods in India. The imports of the subject goods from the subject countries are undercutting the prices of domestic industry. Further, the dumped imports have caused price underselling, price suppression as well as price depression effects,” the ministry said in a statement.
This clearly indicates that imported solar cells will be costlier.
