Solar power stocks gain; Websol Energy surges 9%

India mulls 70pc safeguard duty on solar device import

India responded to the U.S. claim by refuting the allegations raised for the second time in five years by Washington seeking trade sanctions against India.

India on Monday hit back at the United States' legal assault on its solar power policies at the World Trade Organisation.

Last month, India claimed that it eliminated rules governing its solar energy sector that the WTO had ruled illegal, ostensibly closing the book on a case brought by the U.S.in 2013.

Washington alleges that the National Solar Mission unveiled by India in 2011 discriminates against foreign companies. In view of the above, India strongly objects to the USA request of December 19 2017, the statement also read.

India imports approximately 90 per cent of its solar cells - majority of them from China.


Rejecting the claims of the US, India, on Monday, said it has changed the rules to conform with the WTO regulations after the order a year ago and the arguments of the US for punitive trade sanctions were groundless.

As per media reports, the government had in December ordered a safeguard duty probe on surging solar cell imports to protect domestic manufacturers after the domestic industry approached the Directorate General of Safeguards.

The DGAD had said in a December notification: "The application has been examined and it has been found that prima facie the increased imports of the PUC have caused and are threatening to cause serious injury to the domestic industry of products that are like and directly competitive to the PUC".

Under the World Trade Organization framework, a member country can impose a Safeguard Duty if the increased quantity of imports is either an absolute increase or an increase relative to domestic production which is causing serious injury or a threat of serious injury to the domestic industry, according to AISIA.

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