India’s Ministry of Finance has extended the countervailing duty (CVD) on solar glass imports from Malaysia for another five years. The move follows a recommendation from the Directorate General of Trade Remedies (DGTR), which in its review found that removing the duty could lead to the continuation or recurrence of subsidized imports and material injury to the domestic manufacturers.
The duties apply to textured toughened (tempered) solar glass with a minimum of 90.5% light transmission, thickness not exceeding 4.2 mm (including tolerance of 0.2 mm), and at least one dimension greater than 1,500 mm.
Under the revised framework, imports from Malaysia-based Xinyi Solar (Malaysia) and SBH Kibing Solar Materials attract a countervailing duty of 9.71% of the CIF value. Imports from other Malaysian producers, and any country other than Malaysia will face a duty of 10.14%.
The CVD imposition has been welcomed by the domestic industry. “The imposition of the Countervailing Duty addresses the damage caused by dumped and subsidized imports. This measure will not only protect domestic manufacturers but also accelerate investments in expansion of local production, driving exponential growth across India’s solar glass industry,” said Borosil Renewables—a leading solar glass manufacturer in India.
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