The proposal suggests a five-year duty structure, following an investigation launched in February 2023. Unlike traditional tariff measures, the DGTR has introduced a reference rate system to regulate the landed value of solar glass imports. Under this system, authorities will impose duties only when import prices drop below the reference threshold.
Unlike traditional tariff measures, the DGTR has introduced a reference rate system to regulate the landed value of solar glass imports. Under this system, authorities will impose duties only when import prices drop below the reference threshold. They will calculate the duty as the difference between the actual landed value and the reference rate.
The credit terms granted by the Group to its customers in respect of sales of solar glass are generally from 30 to 90 days. Receivables from sales of electricity were usually settled on a monthly basis by the state grid companies.
Solar glass manufacturer Borosil Renewables welcomed the levy of 10% basic customs duty on imports of solar glass with effect from October 2024.
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Import of solar glass will attract 10% customs duty from October. Further, the list of exempted equipment for solar cell and panel production has been expanded.
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The increase was primarily attributable to (i) increased profit from solar glass business and (ii) increase in CIT rate after the expiration of tax exemption/reduction period for …
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Solar module prices and overall solar project costs are set to shoot up following the recent import duties on solar glass. Recently, the Centre imposed anti-dumping duty in the …
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