Anti Dumping duty on Solar Panels
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The document proposes a 25% anti-dumping duty on crystalline silicon and thin film solar panels imported into India for the first year, with the duty decreasing to 20% for the first six months of the second year and 15% for the remaining six months. This duty was proposed by the Indian Solar Manufacturers Association on behalf of Indosolar Limited, Websol Energy, Jupiter Solar Power, and Jupiter International. The document also provides information about Saba Capital, a firm that specializes in arranging project finance for solar companies and is located in Gurgaon, India.
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Anti Dumping duty on Solar Panels
- 1. SOLAR OUTLOOK | 20-JUL-18
- 2. Anti Dumping duty on Solar Panels 25% Duty proposed on Crystalline Silicon & Thin film panels Petition made by Indian Solar Manufacturers Association (ISMA) on behalf of Indosolar Limited (FY ’18 Sales - Rs.3.18 b), Websol Energy (FY ’18 Sales – Rs.1.83 billion), Jupiter Solar Power & Jupiter International (FY ’18 sales – NA). 25% duty has been proposed for the first year, 20% for first six months of second year and 15% for second six months of the second year Source : Gazette Notification F. No. 6/30/2017-DGAD, Min of Commerce, GoI Notes – In 2017, Indosolar has had a settlement with Union Bank of India & Websol has had settlements with Standard Chartered Bank, HDFC Bank, EXIM
- 3. About Saba Capital Saba Capital is a firm specialising in Solar Industry financing. It helps companies arrange project finance, export credit, buyers credit, receivable finance, working capital and equity from Nationalised banks, foreign banks, FIs and Multilateral agencies. It has an office in Gurgaon. The firm is promoted by Cornell/ MDI educated bankers who have worked with ABN AMRO, Royal Bank of Scotland, ICICI Bank, SIDBI etc. For Business Enquires – Reach out to us at Bikramjeet Singh 607-608, Nirvana Courtyard, Tower C, Sector 50, Gurgaon 122018 Mobile : +91 98711 19734 Email : sabacapital@outlook.com