In 2018 towards the end government put safe guard duties due to lobbying from local panel maker mainly adani, now that it has expired they want now to put 20% duties starting from april next year for imported cells and upto 40% for ready made panel imports.
But even with that SGD duties for 2 years panel prices continued to drop. by about 10% each year. So this duties in 2022 will basically make the prices the same as 2020, shipping now is expensive, so that coupled with increased GST we may see the price same as 2019 price.
Off all the fully imported panels that I saw in two trade shows, there price was about 10% cheaper but these small firms/traders importing them will guarantee to wash their hands off when it comes to warranty.
So I was looking at mostly panels made in india but with imported cells.
But even with that SGD duties for 2 years panel prices continued to drop. by about 10% each year. So this duties in 2022 will basically make the prices the same as 2020, shipping now is expensive, so that coupled with increased GST we may see the price same as 2019 price.
Off all the fully imported panels that I saw in two trade shows, there price was about 10% cheaper but these small firms/traders importing them will guarantee to wash their hands off when it comes to warranty.
So I was looking at mostly panels made in india but with imported cells.