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What is India going to do? From August, we may increase the tariff!

What is India going to do? From August, we may increase the tariff!

  • Author:
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  • Time of issue:2020-07-21 13:32
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【Summary】:India has been acting constantly recently, increasing tariffs, withholding goods from customs, boycotting domestic products, blocking app, and strengthening the verification of certificate of origin

What is India going to do? From August, we may increase the tariff!

【Summary】:India has been acting constantly recently, increasing tariffs, withholding goods from customs, boycotting domestic products, blocking app, and strengthening the verification of certificate of origin

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2020-07-21 13:32
  • Views:0
Information

India has been acting constantly recently, increasing tariffs, withholding goods from customs, boycotting domestic products, blocking app, and strengthening the verification of certificate of origin

Earlier, two Indian officials said on June 18 that India planned to set higher trade barriers and increase import tariffs on about 300 products from China and other regions. Subsequently, according to Indian media, the Indian government will strengthen the inspection of imports from Sri Lanka, Bangladesh, South Korea and ASEAN region. The Ministry of Commerce and industry of India is worried that Chinese products will be transported to India through the above countries, so it is necessary to strengthen the inspection on the origin of products.

 

 

According to the report of the times of India on July 10, India has requested that e-commerce products should be marked with "country of origin" and other information before August 1. (see article for details: India's new measures to boycott Chinese goods! Before August 1, e-commerce products must be marked with "country of origin")

It is worth noting that a few days ago, the relevant industry insiders disclosed that the Indian government expected to levy 20% - 25% tariff on imported PV modules from August, raise the basic tariff of solar modules to 40% within one year, and plan to raise the tariff of PV inverter made in China to 25%. Although the policy of imposing tariffs on inverters has not yet been implemented, there is a strong voice in India.India's goal is to eliminate the dependence on imports of all equipment, including solar panels, Indian Prime Minister modi said in a video briefing on India's plans to build Asia's largest solar power plant, the Economic Daily reported.

As China's solar products occupy 80% of the market in India due to the importance of price in India's procurement, modi's above remarks also show that India will boycott China on solar related products.

He stressed that the central government of India is taking a number of measures to increase the production of solar cells and components in India, and has decided that government units and state-owned institutions should only produce domestic solar cells and components in India.

Modi said India's goal as part of the special economic plan for "India's self-reliance" and India's self-reliance movement is to eliminate the dependence on imports of all equipment, including solar panels.

India's minister of new and renewable energy, R.K. Singh, has said that the tariff on imported solar modules will be increased by 20% to 25% from August 1, and 40% will be imposed next year; 15% tariff will be imposed on imported solar cells from August and 30% to 40% next year.

However, at present, the self-made rate of various parts and components of solar energy system in India is less than 50%, which still relies on imports. The cost of manufacturing solar related components in India is also higher than that in China. Modi's announcement above will be a big challenge.

Earlier, India's Ministry of power issued new rules requiring Indian companies to obtain government permission to import power equipment and components from China. "We've decided not to allow any [power] equipment to be imported from China or Pakistan," India's electricity minister, Singh, said forcefully

According to the Ministry of Commerce, the top three major commodities imported from China are mechanical and electrical products, chemical products and base metals and products. Among them, the import volume of mechanical and electrical products was US $33.83 billion, down 8.6%, accounting for 49.5% of India's total imports from China. Among India's exports to China, mechanical and electrical products are the third largest category of commodities, with an export volume of US $1.66 billion in 2019, an increase of 21.6%, accounting for 9.7% of India's total exports to China.

In a press conference in early July, Indian power Minister Manmohan Singh said the government planned to pass the requirements on state-owned power Finance Corp and Indian renewable energy development The agency has offered low interest loans to power companies that purchase parts and equipment in India to encourage local purchases, and said it has asked the domestic industry to see what imported alternatives local manufacturers can offer.

Some analysts pointed out that India's electricity Ministry's move will boost Indian power equipment manufacturing enterprises. Local enterprises have long lobbied the government against China's involvement in the power sector, raised security concerns and said they could not enter the Chinese market mutually.

Compared with other equipment export enterprises, most of China's photovoltaic enterprises have already expected the new tariff policy. Many industry insiders in charge of sales interviewed by EO reporter said that since the last round of tariff policy was introduced on July 30, 2018, the possibility of continuous tax rate increase has been considered.

 

 

At that time, for photovoltaic cells and modules, India announced a 25% protection tax on solar cells and modules imported from China and Malaysia to protect domestic battery and module manufacturers. The tariff rate is 25% in the first year and gradually reduced in the second year by 5% every six months until July 31, 2020.

Previously, the times of India reported that due to the delay in customs clearance of goods entering India, the goods were overstocked at the port, which hindered the implementation of photovoltaic projects in Rajasthan and other regions of India. Suman Kumar, President of the solar energy association in Rajasthan, India, was quoted by the media as saying: "many solar developers' goods are stuck, and if they are not released as soon as possible, the progress of the project will be affected. Most importantly, it will also delay the country's much-needed economic restart. At present, Indian officials have not given a clear explanation for this move. Customs authorities told importers that there would be delays in customs clearance of Chinese goods, but gave no reason. The central tax department said it had not issued an order to restrict Chinese goods. A number of component export enterprises told EO that although the media reported that in Gebie state, components were affected byAt present, Indian officials have not given a clear explanation for this move. Customs authorities told importers that there would be delays in customs clearance of Chinese goods, but gave no reason. The central tax department said it had not issued an order to restrict Chinese goods. A number of component export enterprises told EO that although the media reported that components were affected by customs clearance in gebe state, their export sales business in India had not been affected. ~India has been acting constantly recently, increasing tariffs, withholding goods from customs, boycotting domestic products, blocking app, and strengthening the verification of certificate of origin

Earlier, two Indian officials said on June 18 that India planned to set higher trade barriers and increase import tariffs on about 300 products from China and other regions. Subsequently, according to Indian media, the Indian government will strengthen the inspection of imports from Sri Lanka, Bangladesh, South Korea and ASEAN region. The Ministry of Commerce and industry of India is worried that Chinese products will be transported to India through the above countries, so it is necessary to strengthen the inspection on the origin of products.

According to the report of the times of India on July 10, India has requested that e-commerce products should be marked with "country of origin" and other information before August 1. (see article for details: India's new measures to boycott Chinese goods! Before August 1, e-commerce products must be marked with "country of origin")

It is worth noting that a few days ago, the relevant industry insiders disclosed that the Indian government expected to levy 20% - 25% tariff on imported PV modules from August, raise the basic tariff of solar modules to 40% within one year, and plan to raise the tariff of PV inverter made in China to 25%. Although the policy of imposing tariffs on inverters has not yet been implemented, there is a strong voice in India.

India's goal is to eliminate the dependence on imports of all equipment, including solar panels, Indian Prime Minister modi said in a video briefing on India's plans to build Asia's largest solar power plant, the Economic Daily reported.

As China's solar products occupy 80% of the market in India due to the importance of price in India's procurement, modi's above remarks also show that India will boycott China on solar related products.

He stressed that the central government of India is taking a number of measures to increase the production of solar cells and components in India, and has decided that government units and state-owned institutions should only produce domestic solar cells and components in India.

Modi said India's goal as part of the special economic plan for "India's self-reliance" and India's self-reliance movement is to eliminate the dependence on imports of all equipment, including solar panels.

India's minister of new and renewable energy, R.K. Singh, has said that the tariff on imported solar modules will be increased by 20% to 25% from August 1, and 40% will be imposed next year; 15% tariff will be imposed on imported solar cells from August and 30% to 40% next year.

 

 

 

However, at present, the self-made rate of various parts and components of solar energy system in India is less than 50%, which still relies on imports. The cost of manufacturing solar related components in India is also higher than that in China. Modi's announcement above will be a big challenge.

Earlier, India's Ministry of power issued new rules requiring Indian companies to obtain government permission to import power equipment and components from China. "We've decided not to allow any [power] equipment to be imported from China or Pakistan," India's electricity minister, Singh, said forcefully

According to the Ministry of Commerce, the top three major commodities imported from China are mechanical and electrical products, chemical products and base metals and products. Among them, the import volume of mechanical and electrical products was US $33.83 billion, down 8.6%, accounting for 49.5% of India's total imports from China. Among India's exports to China, mechanical and electrical products are the third largest category of commodities, with an export volume of US $1.66 billion in 2019, an increase of 21.6%, accounting for 9.7% of India's total exports to China.

In a press conference in early July, Indian power Minister Manmohan Singh said the government planned to pass the requirements on state-owned power Finance Corp and Indian renewable energy development The agency has offered low interest loans to power companies that purchase parts and equipment in India to encourage local purchases, and said it has asked the domestic industry to see what imported alternatives local manufacturers can offer.

Some analysts pointed out that India's electricity Ministry's move will boost Indian power equipment manufacturing enterprises. Local enterprises have long lobbied the government against China's involvement in the power sector, raised security concerns and said they could not enter the Chinese market mutually.

Compared with other equipment export enterprises, most of China's photovoltaic enterprises have already expected the new tariff policy. Many industry insiders in charge of sales interviewed by EO reporter said that since the last round of tariff policy was introduced on July 30, 2018, the possibility of continuous tax rate increase has been considered.

At that time, for photovoltaic cells and modules, India announced a 25% protection tax on solar cells and modules imported from China and Malaysia to protect domestic battery and module manufacturers. The tariff rate is 25% in the first year and gradually reduced in the second year by 5% every six months until July 31, 2020.

Previously, the times of India reported that due to the delay in customs clearance of goods entering India, the goods were overstocked at the port, which hindered the implementation of photovoltaic projects in Rajasthan and other regions of India. Suman Kumar, President of the solar energy association in Rajasthan, India, was quoted by the media as saying: "many solar developers' goods are stuck, and if they are not released as soon as possible, the progress of the project will be affected.

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