Recently India has imposed an anti-dumping duty on solar glass imports and changed the duty charges on aluminum frames. This decision can alter the pricing landscape for solar panels significantly.
Anti-dumping Duty Charges
The Ministry of Finance set anti-dumping charges on the import of textured tempered glasses, an essential component in the making of solar panels. The duty charges range from $565 to $677 per metric ton, depending on the location of this import. This measure aims to deter unfair pricing practices from foreign competitors and protect local industries.
But on the other hand, these charges may increase the manufacturing costs for local manufacturers, and in the end, the selling price can increase a bit, too. Although this decision was taken to protect domestic producers and support Indian solar manufacturers, end customers might notice a slight increase in solar panel prices as manufacturers have to re-adjust the production costs.
The Future Benefit
Despite higher duty on imports, it can surely catalyze a positive change in the domestic producer’s ecosystem. This decision will automatically push the solar panel manufacturers to shift to domestic production to save on the making costs.
In conclusion, the wide picture from this point suggests that this decision will help the local manufacturers as well as the domestic producers by creating a more favorable business environment within the country.
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