The Indian government announced last week that it has instructed the customs authorities of the country to start collecting the previously set tariffs on imported solar cells and modules.
Just a few days before the Indian Ministry of Finance took this action, the Indian Supreme Court announced that the order to suspend the 25% tariff was invalid. According to the instructions, the provisional assessment must be finalized and must be paid in accordance with the notice of the beginning of the collection of the safeguard tax in July.
Only solar photovoltaic (PV) batteries and components imported from China and Malaysia are subject to this tax, while other developing countries are exempt from these taxes. The tax is imposed as follows: July 2018, 2018 It is charged at 25% between July and then reduced to 20% within six months. It will then fall to 15% during the last six months of July 29, 2020.
Mercom Capital, a consulting firm, estimated in its quarterly solar market update released last month that India's PV market will face a decline in installed capacity to 8.3 GW in 2018. As the tender activity has slowed after the announcement of the safeguards tax, Mercom CEO And co-founder Raj Prabhu predicts that solar installed capacity will remain stable in 2019.
