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The Indian Ministry of Finance’s Central Board of Indirect Taxes and Customs (CBIC) announced on May 10, 2025, the imposition of five-year countervailing duties (CVD) on imports of textured tempered coated/uncoated glass (commonly known as solar photovoltaic glass) from Vietnam.
The countervailing duty (CVD) amount is calculated as the difference between the declared customs value of imported goods and the minimum import price (MIP). For the Vietnamese producer Flat (Vietnam) Co., Ltd., the MIP is set at USD 593 per ton, while other Vietnamese producers face an MIP of USD 664 per ton.
Given that India has already imposed anti-dumping duties (ADD) on the Vietnamese products in question under a minimum price mechanism, the actual CVD levied on these products will be the difference between the CVD determined in this case and the ADD currently in effect.
Below is the original text from the official Indian government document：
This ruling followed a process spanning over one year from the investigation application to the final notification:
On February 13, 2024, India’s Ministry of Commerce and Industry initiated a countervailing investigation into the Vietnamese products in response to an application by the domestic company Borosil Renewables Limited.
On February 11, 2025, the Ministry issued a final affirmative countervailing ruling, concluding that Vietnamese enterprises had received government subsidies, allowing them to sell products at low prices that disrupted the Indian market.
On May 10, 2025, the Central Board of Indirect Taxes and Customs (CBIC) announced its acceptance of the Ministry’s final ruling.
India had previously imposed anti-dumping duties (under a minimum price mechanism) on Vietnamese solar glass. The new countervailing duties represent an extension of trade measures targeting the same product category.
In the short term, Indian domestic manufacturers may gain a competitive price advantage. However, if local production capacity fails to meet market demand, this could lead to supply chain shortages or cost increases. Vietnamese exporters may be forced to raise prices or accelerate expansion into other emerging markets.
