BOROSIL RENEWABLES LIMITED — Regulatory Filings 2024

Dec 6, 2024

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December 06, 2024
BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 Scrip code: 502219	National Stock Exchange of India Ltd. Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051 Symbol: BORORENEW

Dear Sirs,

Sub: Corrigendum issued by the Ministry of Finance (Department of Revenue) regarding the Anti-Dumping duty imposed on the imports of Textured Tempered Coated and Uncoated Glass from China and Vietnam

In our intimation dated December 05, 2024, we had informed you that the Ministry of Finance (Department of Revenue) has issued a notification dated December 04, 2024 (enclosed as Annexure – A ), imposing provisional anti-dumping duty on imports of Textured Tempered Coated and Uncoated Glass from China and Vietnam.

In the aforementioned notification, the Ministry of Finance has inadvertently mentioned the “reference price” recommended by the Ministry of Commerce and Industry as the anti-dumping duty. This discrepancy has now been rectified by the Ministry of Finance through its corrigendum dated December 5, 2024 (enclosed as Annexure- B ). The revised duty is equal to the difference between the reference price and the landed value of the solar glass, thus aligning it with the recommendations of the Ministry of Commerce and Industry and the expectations of the Company.

You are requested to take the same on record.

For Borosil Renewables Limited

RAVI MOTILAL Digitally signed by RAVI MOTILAL VAISHNAV VAISHNAV Date: 2024.12.06 15:36:44 +05'30'

Ravi Vaishnav Company Secretary & Compliance Officer (Membership No.: ACS – 34607)

Encl.: As above

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Annexure - A

4

[PART II—SEC. 3(i)]

THE GAZETTE OF INDIA : EXTRAORDINARY

MINISTRY OF FINANCE

(Department of Revenue)

NOTIFICATION

New Delhi, the 4th December, 2024

No. 26/2024-CUSTOMS (ADD)

G.S.R. 749(E).— Whereas, in the matter of “Textured Tempered Coated and Uncoated Glass” (hereinafter referred to as the subject goods), falling under tariff headings 7003, 7005, 7007, 7016, 7020 and 8541 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the Customs Tariff Act), originating in or exported from China PR and Vietnam (hereinafter referred to as the subject countries) and imported into India, the designated authority in its preliminary findings vide Notification No. 6/29/2023-DGTR, dated the 5[th] November, 2024, published in the Gazette of India, Extraordinary, Part I, Section 1, dated the 5[th] November, 2024, has provisionally concluded that-

• a) the subject goods that have been exported to India from the subject countries are at dumped prices;

• b) there is substantial increase in imports of subject goods from the subject countries in both absolute terms and in relation to production and consumption;

• c) the material injury suffered by the domestic industry has been caused by the dumped imports from the subject countries,

and has recommended imposition of provisional anti-dumping duty on imports of the subject goods, originating in, or exported from the subject countries and imported into India, in order to remove injury to the domestic industry.

Now, therefore, in exercise of the powers conferred by sub-section (2) of section 9A of the Customs Tariff Act read with rules 13 and 20 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995, the Central Government, on the basis of the aforesaid findings of the designated authority, hereby imposes on the subject goods, the description of which is specified in column (3) of the Table below, falling under the tariff item of the First Schedule to the Customs Tariff Act as specified in the corresponding entry in column (2), originating in the countries as specified in the corresponding entry in column (4), exported from the countries as specified in the corresponding entry in column (5), produced by the producers as specified in the corresponding entry in column (6), and imported into India, a provisional antidumping duty at the rate equal to the amount as specified in the corresponding entry in column (7), in the currency as specified in the corresponding entry in column (9) and as per unit of measurement as specified in the corresponding entry in column (8) of the said Table, namely:-

TABLE

S. No.	Tariff item	Description of	Country of	Country of		Duty
					Producer		Unit	Currency
		goods	origin	exports		amount
(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)
1	70071900	Textured Toughened (Tempered) Coated and Uncoated Glass	China PR	China PR	Shaanxi Topray Solar Co., Ltd	677	MT	USD
2	-do-	-do-	China PR	China PR	Anhui Flat Solar Glass Co., Ltd & Flat Glass Group Co., Ltd	677	MT	USD
3	-do-	-do-	China PR	China PR	Anhui CSG New Energy Material Technology Co., Ltd	677	MT	USD
4	-do-	-do-	China PR	China PR	Dongguan CSG Solar Glass Co., Ltd	673	MT	USD

[ भाग II— खण् ड 3(i)]

भारत का रािपत्र : असाधारण

5

5	-do-	-do-	China PR	China PR	Wujiang CSG Glass Co., Ltd	677	MT	USD
6	-do-	-do-	China PR	China PR	Guangxi Xinyi Photovoltaic Industry Co., Ltd / Xinyi PV Products (Anhui) Holdings Ltd. / Xinyi Solar (Suzhou) Ltd	673	MT	USD
7	-do-	-do-	China PR	China PR	Zhangzhou Kibing Photovoltaic New Energy Technology Co., Ltd / Hunan Kibing Solar Technology Co., Ltd. / Ningbo Kibing Photovoltaic Technology Co., Ltd.	674	MT	USD
8	-do-	-do-	China PR	All countries, including China PR	Any Producer other than those mentioned in serial number 1 to 7	677	MT	USD
9	-do-	-do-	All countries other than China PR and Vietnam	China PR	Any	677	MT	USD
10	-do-	-do-	Vietnam	Vietnam	Flat (Vietnam) Co., Ltd	565	MT	USD
11	-do-	-do-	Vietnam	All countries including Vietnam	Any Producer other than those mentioned in serial number 10	565	MT	USD
12	-do-	-do-	All countries other than Vietnam and China PR	Vietnam	Any	565	MT	USD

# The customs classification is only indicative and not binding on the scope of the product under consideration.

1. The provisional anti-dumping duty imposed under this notification shall be effective for a period of six months (unless revoked, amended or superseded earlier) from the date of publication of this notification in the Official Gazette and shall be payable in Indian currency.

Explanation .- For the purposes of this notification, rate of exchange applicable for the purposes of calculation of such anti-dumping duty shall be the rate which is specified in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), issued from time to time, in exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and the relevant date for the determination of the rate of exchange shall be the date of presentation of the bill of entry under section 46 of the said Act.

[F. No. CBIC-190354/182/2024-TRU] AMREETA TITUS, Dy. Secy.

Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054. SARVESH KUMAR SRIVASTAVA Digitally signed by SARVESH KUMAR SRIVASTAVA Date: 2024.12.04 23:02:16 +05'30'

Annexure - B 2

[PART I ~~I S~~ EC. 3(i)]

THE GAZETTE OF INDIA : EXTRAORDINARY

MINISTRY OF FINANCE

(Department of Revenue)

CORRIGENDUM

New Delhi, the 5th December, 2024

G.S.R. 751(E) ~~. I~~ n the notification of the Government of India, Ministry of Finance (Department of Revenue), No. 26/2024-CUSTOMS (ADD), dated the 4[th] December, 2024, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 749(E), dated the 4[th] December, 2024, on Page 4, in line 28,

for

rate equal to the amount as specified in the corresponding entry in column (7)

read

the difference between the landed value of subject goods and the amount specified as Duty amount

[F. No. CBIC-190354/182/2024-TRU] AMREETA TITUS, Dy. Secy.

Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.