India won’t levy solar safeguard duty for now: Finance Ministry

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NEW DELHI (Aug 14): India won’t impose a safeguard duty on solar cells imported from China and Malaysia for the “time being” in compliance with a court order restraining imposition of the tax, the finance ministry says in a circular Monday.

* Imported solar cells “to be assessed provisionally on furnishing of simple letter of undertaking/bond by the concerned person,” according to circular

* Earlier:
** On July 16: India proposed safeguard duty on solar cells from China, Malaysia

** July 23: Orissa High Court issued a stay on the imposition of the safeguard duty till Aug 20, people with knowledge of the matter have said

** July 30: India published notification on safeguard duty on solar imports