Borosil Renewables: Countervailing Duty on Malaysian Solar Glass Extended to June 8, 2026
Borosil Renewables Limited has announced an extension of the Countervailing Duty (CVD) on imports of solar glass from Malaysia. The Ministry of Finance, vide its notification dated March 9, 2021, had ...
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Why is BOROSIL RENEWABLES LIMITED in the news today?
BOROSIL RENEWABLES LIMITED (BORORENEW) is in the news due to the extension of the countervailing duty is positive for borosil renewables as it protects domestic producers from unfairly priced imports, thereby safeguarding market share and profitability.
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Borosil Renewables: Countervailing Duty on Malaysian Solar Glass Extended to June 8, 2026
December 18, 2025, 02:14 PM
Borosil Renewables Limited has announced an extension of the Countervailing Duty (CVD) on imports of solar glass from Malaysia. The Ministry of Finance, vide its notification dated March 9, 2021, had initially imposed this duty for a period of five years, set to conclude on March 8, 2026.
Following a sunset review initiated by the Designated Authority, Ministry of Commerce, Government of India (DGTR) in June 2025, and in consideration of Borosil Renewables' request for continuation, the Ministry of Finance has extended the current expiry date by three months. This ensures the CVD remains in force until June 8, 2026, providing continued protection to domestic producers against unfairly priced imports from Malaysia while the DGTR investigation is completed.
A notification dated December 7, 2025, issued by the Ministry of Finance (Department of Revenue), formally amends the principal notification. The amended notification states that the countervailing duty shall remain in force up to and inclusive of June 8, 2026, unless revoked, superseded, or amended earlier.
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