Borosil Renewables Limited (BORORENEW) has announced a significant development following the Ministry of Finance's recommendation for the continued imposition of definitive countervailing duty (CVD) on imports of solar glass from Malaysia. This measure will be in effect for a period of five years, commencing from the date of publication of the Central Government's notification on June 02, 2026. The company welcomes this decision, stating that it addresses the damage caused by dumped and subsidized imports. Borosil Renewables anticipates that this protection will not only safeguard domestic manufacturers but also stimulate further investments in expanding local production capacity, thereby fostering substantial growth within India's solar glass industry. The notification, issued by the Ministry of Finance (Department of Revenue) as Notification No. 02/2026-Customs (CVD), details specific CVD rates applicable to imports originating from Malaysia. These rates vary from 9.71% to 10.14% of the CIF value, depending on the producer and country of export. The duty applies to textured tempered glass falling under specific Customs Tariff Act headings and will be payable in Indian currency. The imposition of this duty is based on the designated authority's findings that the cessation of CVD would likely lead to the continuation or recurrence of subsidization and injury to the domestic industry.
