Us Import Duty On Solar Panels

Solar cells would attract 15 customs duty from august the times reported quoting minister for new and renewable energy rk singh with that figure to rise to 30.

Us import duty on solar panels.

And a floor price of 74 cents a watt. Duty rates for over quota for cells high rate in addition to those applicable under subheading 8541 40 60. To incentivise domestic manufacturing of solar modules and cells the government is planning to introduce a basic customs duty bcd on import of equipment for the sector. Solar cells and modules the majority of which are imported from china are exempted from basic customs duty at present but attract a 15 safeguarding duty until july.

In matters of current us and china trade war in 2018 the trump administration put 30 tax on imported solar cells and panels which is to decline annually and reach 15 in 2021. Once a separate notification is issued a new duty structure enabling a basic customs duty of 20 on solar cells and modules will come into effect the move is in a bid to boost local manufacturing. While trump has broad authority on the size scope and duration. The tariff covers both imported solar cells a key input to manufacturing solar panels and solar modules otherwise known as solar panels.

As of 2019 the tariff is 25. Nonetheless trump administration exempted two sided panels from tariffs. Suniva had sought import duties of 32 cents a watt for solar panels produced outside the u s. Read more about no customs duty on imported solar cells and modules says ministry on business standard.

If entered during the period from february 7 2019 through february 6 2020. There is already safeguard duty of 15 per cent levied on the imported solar cells and modules.