Uncertainty Over Duties Impacting Tendering For Solar Projects: ICRA


Uncertainty Over Duties Impacting Tendering For Solar Projects: ICRA

The prevailing uncertainty over the quantum and timelines related to imposition of safeguards duty and anti-dumping duty on imported solar cells and modules will impact tendering activity in the solar power sector, research and ratings agency ICRA said.

The Directorate General of Safeguards (DGS) had in January 2018 recommended provisional safeguard duty of 70 per cent on solar cells and panels which is still pending due to a temporary stay by Madras High Court.

Also, after withdrawing its earlier petition filed for anti-dumping duty in June 2017, the industry association of solar cell manufacturers now wishes to file a fresh petition in April 2018 based on investigation period between April 2016 till December 2017. That is adding to uncertainty. Read More…

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