Product Description – The product under consideration is Solar Cells whether or not assembled into Modules or made up into Panels. Solar Cells and Modules produced using c-Si technology and thin film technology are both covered in the present investigation.
HS Codes – 8541 4200 and 8541 4300.
Uses – Solar Cell is a solid-state electrical device that converts sunlight directly into electricity by the photovoltaic effect. A number of Solar Cells are connected together to form a Solar Module or Panel. For large-scale generation of solar electricity, several Solar Panels are connected together into a solar array.
Country Involved – China PR.
Applicants – FS India Solar Ventures Private Limited, Jupiter International Limited, RenewSys India Private Limited, Tata Power Solar Systems Limited and TP Solar Limited
Date of Initiation – 30th September 2024
Period of Investigation – 1st April 2023 to 31st March 2024.
Injury Period – 2020-21, 2021-22, 2022-23 and the period of investigation.
Facts of the Present Case – The application was filed on behalf of the Indian Solar industry against the dumping of Solar Cells and Modules from China. The domestic industry has claimed that the volume of imports has increased exponentially while the prices of such imports have declined sharply, even below the cost of the industry. Further, despite increased production capacities and demand in the market, the domestic industry is faced with significantly unutilized capacities, negligible share in the market, resulting in significant piling up of inventories. The presence of imports has led to significant financial losses, cash losses and almost no return on investment. Furthermore, the domestic industry has also claimed that the dumped imports have caused material retardation to one of the new producers and are also threatening to cause further injury to the industry.