- Prelims Test Series (PTS) for Prelims 2027 starts 11th Oct. 2026 Click Here to know more →
- [Pre-order] Ethics Redbook 3rd Edition: Delivery starts from 10th October onwards Click Here to Read More →
- 21 Sept. | Forum Residential Coaching (FRC) for UPSC preparation Click Here to know more →
- 21 Sept. | GS Advance Program (GSAP) for UPSC 2027 Mains starts from 10th Oct. Click Here to Read More →
Centre imposes 25% safeguard duty on import of solar cells
News:
- Recently, the Centre has issued a notification to impose a safeguard duty of 25% on import of solar cells.
Important facts:
2. The decision by the government follows a long deliberation by the Director General of Trade Remedies, which recommended the safeguard duty structure.
3. The duty will be impose on imports of solar cells from China and Malaysia between July 30, 2018 and July 29, 2019.
4. The duty reduces to 20% for six months from July 30, 2019, and further to 15% in the subsequent half year.
5. The subsequent 20% duty on “solar cells whether or not assembled in modules or panels” will apply on imports from China and Malaysia during the period July 30, 2019, to January 29, 2020.
6. The 15% duty will kick in during the period from January 30, 2020, to July 29, 2020.
7. Reasons to impose duty on solar cells:
- The move aimed at helping the domestic solar cell manufacturing sector.
- The move is likely to increase the bid tariffs to 2.9-3.1 per unit for the upcoming bids.
8. However, the decision could affect existing projects dependent on cheap imports.
