US Department of Commerce imposes 123.04% anti-dumping duty on Indian solar imports
→Export-sales teams must price US deliveries with a 123.04% duty layer
Change
US Department of Commerce imposed a 123.04% preliminary anti-dumping duty on solar cells and modules from India, with liquidation suspended for certain firms’ shipments.
Why it matters
US customs entries for covered solar products now carry a 123.04% preliminary duty rate. US authorities can apply the suspension window to entries made 90 days earlier. Importers must post cash deposits during the suspension period.
Implications
- — Applies if you import solar cells or modules from India into the USA.
- — Customs-entry teams must post cash deposits at the 123.04% rate on covered entries now — non-payment blocks entry processing.
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Source
View on Economic Times