Chinese solar panels may cost more: Directorate suggests 70% safeguard duty
DGS acknowledges serious injury to domestic industry; no duty proposed on imports from the EU and US LATEST NEWS : The Directorate General of Safeguards Duty (DGS), in its preliminary report investigating the dumping of solar cells, (whether or not assembled in modules or panels), has suggested a 70 per cent safeguards duty on imports from China. The DGS has identified ‘serious injury’ to the domestic industry caused due to increasing imports and declining prices of Chinese solar panels. “I recommend that pending a final determination, considering the average cost of sales by the Domestic Industry arrived at on the basis of import quantity ratio of solar cells and solar modules (confidential), a reasonable return on the cost of sales excluding interest, the present level of import duties, and the present average import prices, a provisional Safeguard Duty be imposed at the rate of 70 per cent (Seventy percent) ad valorem on the imports of the PUC (solar cells),” said th...