SC vacates stay on safeguard duty on solar imports

The Supreme Court has vacated the stay order by the Orissa High Court for the imposition of safeguard duty on imported solar panels and modules. Earlier, the Orissa High Court had stayed the imposition of the duty till August 20, 2018. In July 2018, the Ministry of Finance had imposed a 25 per cent safeguard duty on solar panels imported from China and Malaysia for a year followed by a 20 per cent duty for the next six months, and a 15 per cent duty for another six months.

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