India’s finance ministry said a 25 percent safeguard duty on solar cells and modules imported from China and Malaysia has been imposed, providing some clarity on the protectionist move that had been caught up in court battles.
The tariff will be imposed in accordance with a notification originally published July 30, the finance ministry said in a document posted on its website Thursday. The development follows a decision earlier this week by India’s Supreme Court that overturned a lower court stay on the tariff.
“Developers as well as auctioning authorities can now proceed with their planned projects,” said Allen Tom Abraham, a New Delhi-based Bloomberg NEF analyst. “However, uncertainty persists in the process of approving cost pass-through for projects awarded prior to the announcement of duties.” Read More
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