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Safeguard duty on Chinese solar equipment extended for one more year till July 2021

The government has extended the safeguard duty on Chinese solar power equipment by one year till July 29, 2021 to help boost local manufacturing. A duty of 14.9% will be levied on such imports for six months from July 30, 2020 to January 28, 2021 while duty of 14.5% in the following six months. The country first imposed the duty in 2018 for two years to prevent dumping of Chinese solar equipment in the country, charging 25% in the first year, and 20% in the second. However, in the government's latest notification, duty on imports from Malaysia has been exempted.

Read More at The Economic Times News date : 30 Jul 2020, Thursday

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