US imposes 123.04% anti-dumping duty on Indian solar imports
The United States announced a preliminary anti-dumping duty of 123.04% on solar cells and modules from India, citing critical circumstances. The liquidation suspension covers shipments up to 90 days before the order's publication, and industry groups say the ruling will be contested. The move adds to existing duties, potentially pushing Indian exports to the US into a higher tariff zone.
Why It Matters
The ruling could constrain Indian solar exporters' access to the US market and affect the global solar supply chain, while prompting appeals from industry groups. It highlights ongoing trade frictions in the renewables sector and the risk of higher costs for US buyers.
Timeline
6 Events
Industry notes potential limited immediate impact due to diversification
Industry sources indicate that the immediate impact of the new duty may be limited as some companies have diversified, potentially softening a sharp drop in shipments in the near term.
Premier Energies closes 1% higher after early losses
Premier Energies, one of the firms cited in the investigation, recovered from early losses to close 1% higher in trading.
Tariff context: combined duties exceed 200% on Indian solar exports to US
The new duty adds to existing countervailing duties of over 125%, taking the total tariff burden on Indian solar exports to the US to more than 200%, effectively making shipments to the US unviable according to industry officials.
Industry reaction: NSEFI and ISMA vow to contest ruling
Industry bodies criticised the findings as flawed. NSEFI's Subrahmanyam Pulipaka said the findings were fundamentally flawed and announced a formal representation to contest the ruling. ISMA's Amit Manohar said the industry would challenge the move further through the final determination and ITC proceedings.
Investigation named firms include Mundra Solar Energy, Mundra Solar PV, Kowa and Premier Energies
The department's findings referenced firms such as Mundra Solar Energy, Mundra Solar PV, Kowa and Premier Energies as part of the investigation into Indian solar products.
US Dept of Commerce imposes preliminary 123.04% anti-dumping duty on Indian solar imports; finds critical circumstances
The US Department of Commerce announced a preliminary anti-dumping duty of 123.04% on solar cells and modules imported from India and said it had found 'critical circumstances' in its investigation. It added that the suspension of liquidation would apply to shipments up to 90 days prior to the order's publication.