Borosil Renewables said that the government's recent decision to impose a countervailing duty and a basic customs duty on certain import items will benefit the company.The Ministry of Finance (MOE), Government of India, has imposed a countervailing duty ranging from 9.71% to 10.14 of cost, insurance, and freight (CIF) value for a period of 5 years, on imports of textured tempered coated or uncoated solar glass from Malaysia or of which origin is in Malaysia and exported from some other country or of which origin is some other country and exported from Malaysia.
As such, this is likely to have a positive impact on Borosil Renewables, as the company is a manufacturer of solar glass.