Endless! India again raised tariffs up to 40%!

According to the Ministry of Commerce, according to India's exports in May fell 36. 5%, it is India's exports fell for the eighth consecutive month. At the same time, imports fell 49% in June.

it is important to note that a related industry insiders revealed that the Indian government is expected to 20% on imports photovoltaic modules starting August & ndash; A 25% tariff, within a year will be increased to 40% of the solar module's basic duties.

in addition, China's solar energy network, India has called on August 1st, electricity products must be marked & other; Country of origin & throughout; And other information: export India, double to new drama again!

the government of India is expected to 20% on imports photovoltaic modules starting August & ndash; A 25% tariff, within a year will be increased to 40% of the solar module's basic duties.

after June 18, two officials in India, said India plans to about 300 kinds of products from China and other regions set higher trade barriers, and raise import tariffs.

the economic daily reported that India's prime minister, Mr Modi has Asia's largest solar power plants will be built through the video to introduce India, said the goal is to eliminate all equipment, including solar panels in India's dependence on imports.

due to the purchase value price problem in India, China's solar products occupies 80% of the market in India, so Mr Modi the above conversation, also shows that India will boycott China on solar related products.

he stressed that India's central government is taking measures to increase domestic solar cells and components production, and it has been decided that the government and state agencies only India domestic solar cell and components.

modi said, as the 'Indian self-reliance' ( AdmanirbarBharat） Special economic plan and self-reliance movement of India, India's goal is to eliminate all equipment, including solar panel import dependency.

India's new energy and renewable energy minister R. K。 Singh has said, on August 1, the import tariffs on solar module increased by 20% to 25%, and imposing a 40% next year;

however, India is the solar system components self-making ratio less than 50%, is still dependent on imports, India make solar related components costs are higher than in China, Mr Modi's claim that will be a big challenge.

when the photovoltaic cells and components, solar energy, India announced on imports from China and Malaysia solar cells and components at a rate of 25% protection tax, in order to protect domestic battery and component manufacturers.

in the first year of the tariff rate is 25%, the second year of tariff rate gradually decreased, the rate every six months was 5% lower, until the end of July 31, 2020.

several components export enterprise said, though media reports in individual nations, component affected by customs clearance, solar equipment, but they export sales business in India is not affected.

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