Although the domestic industry has improved its production and sales and minimized its losses, its condition remains fragile and further serious injury will have to be avoided if the protection duty is discontinued, it added.
New Delhi (Natural Energy News): DGTR, the investigation arm of the Ministry of Commerce, has recommended imposition of a security duty on solar cells for another year to protect domestic manufacturers and discourage cheap imports.
The Directorate General of Trade Investigation (DGTR) concluded in its investigation that the increase in imports is due to the imposition of a security duty on "whether the modules or panels on a solar cell are assembled or not" due to a decline in imports in 2018-19. April-September 2019 due to reduction in tariff from July 30, 2019.
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In a notification, the directorate has stated that there has been a significant increase in the import of cells.
"The household business is undergoing serious damage, which is evident from the overall idea of its performance, especially based on its capability utilization which is sub-par given product demand, rising levels of inventory and negative profitability Have said this.
Although the domestic industry has improved its production and sales and minimized its losses, its condition remains fragile and if the safety duty is discontinued, it will avoid further serious injuries.
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The import of cells into India has not only continued to cause serious injury to the domestic industry but has also threatened to cause serious injury to domestic producers and "it is going to be within the public interest to continue imposing security duties", the notification said.
"It is noted that the domestic industry has sought to boost the safety duty further for a period of 4 years ... keeping in mind that two years already the security has been provided and the domestic industry has maintained its position Has improved, but it needs some more time to adjust, the extension of security for a period of one and one year will be sufficient, ”it added.
The directorate has recommended a 14.9 per cent fee for the six months before 30 July this year and 14.5 per cent for the next six months. The Ministry of Finance issues a notification to implement these duties.
The Directorate has also concluded that the cost to solar power developers and the end consumer will increase as a result of the imposition of the safe fee, however, "the obligation of the protection fee will be in the public interest as it will prevent the complete erosion of the manufacturing base. Solar in the country Industry that has invested substantially ”.
Import of solar cells and modules increased from 6,775 MW in 2016-18 to 9,790 MW in 2017-18. Duties were placed on July 30, 2018. As a result, the volume of imports declined to 8,010 MW in 2018-19.
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He also said that this decrease in imports was for very less time because total imports of 2019-2020 were of 8,754 MegaWatt.
On January 15, 2020, an application was submitted to the DGTR on behalf of three Indian producers - Mundra Solar PV Limited, Jupiter Solar Power Limited, and Jupiter International Limited for the continuation of the existing security fee. Against import of cells.
India first imposed a two-year fee on July 30, 2018.
China supplies about 80 percent of the modules in India.
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The Ministry of Renewable Energy has also proposed imposing customs duties on certain solar power devices as a part of the country's goal of becoming self-sufficient.
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