India Will Impose A 70 Per Cent Defence Tax On Photovoltaic Cells From China And Malaysia.

- Jan 11, 2018-

India will be from China and Malaysia photovoltaic cells, 70% of the defense taxes, it is confirmed that the investigation of imported photovoltaic products from the two countries to cause or threaten to cause serious damage to domestic manufacturers.

India's security measures, customs and the board of the central administration of taxation have put forward this tax proposal, calling for the immediate imposition of a temporary defense tax to prevent further serious damage.The proposed tariff of 200 days is considered the shortest time to protect the interests of Indian photovoltaic manufacturers.

The proposed defense tax is for crystalline silicon and thin-film photovoltaic cells, whether assembled in modules or panels.India's imports of photovoltaic products have increased from 1.28 gigawatts in the 2014/15 fiscal year to 9.5 gigawatts in the 2017/18 fiscal year, the documents show.In addition, the import of photovoltaic cells has increased significantly compared with the overall growth rate of domestic production, rising from 519% in 2014/15 to 814% in 2017/18.

A public hearing will be held before a final decision on a defence tax is made.

The Indian photovoltaic manufacturers association (ISMA) proposed a defence tax on December 5, 2017.ISMA represents five Indian photovoltaic manufacturers, including mondra solar, Indian solar, Jupiter solar power, Websol energy systems and Helios optoelectronics.The five companies produce more than 50 percent of India's photovoltaic cells.