Trade Flock - How to Import Solar Panels From China? TradeFlock - Import Solar Panels Magazine | Page 23

Benefits of Import
China Solar Panels
How to Import Solar
Panels China?
As long as, importer follows
customs regulations, can often
buy bulk goods from China
cheaper and with lower tax-
es. This is because import-
er is essentially acting as an
independent retailer, buying
products directly from the
manufacturer and import-
ing them to his own country.
Moreover, China requires no
special licenses or permits to
purchase goods, as long as
importer follow national and
international trade regulations
are free to import nearly any-
thing in almost any quantity.
Importing from China
allows importers to have
direct control over their
business’s distribution
model. This provides importer
the flexibility that the major
retailer does not have.
Because China’s manufactur-
ing sector has experienced a
prolonged, dramatic boom,
directly
importing
from
China can prove to be an
effective business solution. If
importer, research and plan
his/her business around hot
markets, the potential for
profit can be very significant.
Import Duties and
Taxes:
At the very moment, you
think of how to import solar
panels from China, the next
step is to find about import
duties and taxes levied on
the import of that particular
product.
India, but it is 12.5% of the
solar panel.
Central Excise Educa-
tion Cess : A tax which is
designed to fund education
healthcare initiatives. It is
3%.
Custom Education Cess:
HSN Code: – In India, solar On import of solar panels the
panels are mostly imported
under HS Code 85414011,
85414019, 70071900
The basic duty which is a
typical tax that applied to all
goods, but an import of solar
panel is nil.
rate is 3%.
Special CVD: It is
applicable on all imported
items in India and levied at
the rate of 4% on import of
solar panel.
GST: GST on Solar Cells
CVD additional duty: It is Whether Or Not Assembled
levied on imported goods in
lieu of excise duty levied on
good/items manufactured in
in Modules or Panels is 18%
(85414011, 85414019) and
28% in 70071900.
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