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EIB President Werner Hoyer recently said India should avoid implementing the proposed solar safeguard liability, as it could be detrimental to
India's own renewable energy market.
In fact, the Indian government has been told by multiple entities not to impose import duties
on solar cells and modules.
While the Chinese government was the first to warn India not to impose anti-dumping or protective tariffs on imported solar cells and modules, the new proposals come from friendlier places
.
The president of the European Investment Bank recently attended the first summit
of the International Solar Alliance in New Delhi in India.
The bank provided debt financing
worth €500 million for solar projects in India during the visit.
India is currently investigating the imposition of anti-dumping and safeguard duties
on imported solar cells and modules.
The Directorate-General of Safeguards has proposed a 70 per cent safeguard duty on solar cells imported from China and Malaysia for a period of 200 days, while completing an investigation
into complaints filed by the Solar Manufacturers Association of India.
ISMA (Solar Manufacturers Association of India) is reportedly preparing to file a new application for the incident, forcing authorities to extend the investigation period, which could lead to higher tax rates and possibly for
a longer period of time.
Earlier last year, the Indian government also launched an investigation
into imported solar modules.
Details of the status of this investigation remain elusive
.
Imported modules account for about
90% of the solar modules installed in India.
In addition to the European Investment Bank, a panel of the Indian parliament recommended that the government exempt solar cells from import duties
.
The Parliamentary Standing Committee on Energy has expressed concern not only about the high level of safeguard duty on imported solar cells, but also questioning the tariffs imposed on imported solar modules that developers have opposed but are forced to pay
.
Panelists also asked the Ministry of New and Renewable Energy to address the Goods and Services Tax (GST) mess
.
There is no doubt that the Indian solar market will suffer considerable losses
if high tariffs are imposed on imports.
The price of solar power in India has fallen sharply over the past few years, with falling prices and increased use of imported modules and batteries driving a decline
in India.
The parliamentary panel noted that high tax rates could severely affect investment
in India's solar market.
EIB President Werner Hoyer recently said India should avoid implementing the proposed solar safeguard liability, as it could be detrimental to
India's own renewable energy market.
In fact, the Indian government has been told by multiple entities not to impose import duties
on solar cells and modules.
While the Chinese government was the first to warn India not to impose anti-dumping or protective tariffs on imported solar cells and modules, the new proposals come from friendlier places
.
The president of the European Investment Bank recently attended the first summit
of the International Solar Alliance in New Delhi in India.
The bank provided debt financing
worth €500 million for solar projects in India during the visit.
India is currently investigating the imposition of anti-dumping and safeguard duties
on imported solar cells and modules.
The Directorate-General of Safeguards has proposed a 70 per cent safeguard duty on solar cells imported from China and Malaysia for a period of 200 days, while completing an investigation
into complaints filed by the Solar Manufacturers Association of India.
ISMA (Solar Manufacturers Association of India) is reportedly preparing to file a new application for the incident, forcing authorities to extend the investigation period, which could lead to higher tax rates and possibly for
a longer period of time.
Earlier last year, the Indian government also launched an investigation
into imported solar modules.
Details of the status of this investigation remain elusive
.
Imported modules account for about
90% of the solar modules installed in India.
In addition to the European Investment Bank, a panel of the Indian parliament recommended that the government exempt solar cells from import duties
.
The Parliamentary Standing Committee on Energy has expressed concern not only about the high level of safeguard duty on imported solar cells, but also questioning the tariffs imposed on imported solar modules that developers have opposed but are forced to pay
.
Panelists also asked the Ministry of New and Renewable Energy to address the Goods and Services Tax (GST) mess
.
There is no doubt that the Indian solar market will suffer considerable losses
if high tariffs are imposed on imports.
The price of solar power in India has fallen sharply over the past few years, with falling prices and increased use of imported modules and batteries driving a decline
in India.
The parliamentary panel noted that high tax rates could severely affect investment
in India's solar market.
