ENA Sectors 2024-12-06 17:04:50 <p><strong>New Delhi, Dec 6 (KNN) </strong>The Ministry of Finance has announced provisional anti-dumping duties on textured, tempered, coated, and uncoated solar glass imported from China and Vietnam. </p> <p>The decision comes after a comprehensive preliminary investigation conducted by the Directorate General of Trade Remedies (DGTR) in February, which uncovered evidence of dumping practices in the solar glass market.</p> <p>Preliminary findings revealed that solar glass was being exported to India from China and Vietnam at prices below fair market value. </p> <p>The investigation determined that these imports significantly increased both in absolute terms and relative to domestic production and consumption, causing substantial material injury to the Indian domestic glass industry.</p> <p>The provisional anti-dumping duty will remain in effect for six months, with duty rates varying depending on the producer and country of origin. <br /> Importers will be required to pay the duty in Indian currency, with the exchange rate calculated according to a separate Ministry of Finance notification.</p> <p>The investigation was initiated following an application by Borosil Renewables, which argued that the imported solar glass is substantially equivalent to domestically produced products. </p> <p>Borosil highlighted similarities in physical and chemical attributes, manufacturing processes, functions, pricing, distribution, and tariff classifications.</p> <p>Solar glass, also known by various technical names including low iron solar glass and photovoltaic glass, is a critical component in solar modules and solar thermal applications. </p> <p>This product plays a crucial role in renewable energy infrastructure, making the trade protection measure significant for India's domestic manufacturing sector.</p> <p>This is not the first time India has taken such action. In 2022, DGTR had previously recommended extending anti-dumping duties on textured tempered glass imported from China by two years, demonstrating a consistent approach to protecting domestic industrial interests.</p> <p>The government's move aims to create a more equitable trading environment, providing domestic manufacturers with protection against what it considers unfair trade practices and ensuring a level playing field for Indian solar glass producers.</p> <p><strong>(KNN Bureau)</strong></p> 40169 https://knnindia.co.in/news/newsdetails/sectors/india-imposes-provisional-anti-dumping-duties-on-solar-glass-from-china-and-vietnam 2024-12-06 17:04:50 knnindia.co.in