New Delhi, Feb. 25 -- The Centre is unlikely to intervene on behalf of Indian companies after the US imposed a countervailing duty of 126% on Indian solar module exports, said a top official, adding that manufacturers can take legal recourse and appeal at the appropriate forum.
The US announced a preliminary countervailing duty (CVD) of 125.87% on imports of certain Indian solar equipment, alleging that the products are unfairly subsidized by the Indian government. Washington also announced different duties on the imports of 'crystalline silicon photovoltaic cells, whether or not assembled into modules' from Indonesia and Laos.
Indian exports have already been impacted by high US tariffs, and are largely focusing on the domestic market,...
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