The move was announced as part of the Notification No. 02/2026-Customs (CVD).
Contours Of The Notification
The duty is effective for a period of five years from the date of publication, unless revoked, superseded, or amended earlier.
The subject goods include textured toughened glass with a minimum of 90.5% transmission, thickness not exceeding 4.2 mm, and where at least one dimension exceeds 1500 mm (whether coated or uncoated). It is also commonly known as solar glass, solar PV glass, or high-transmission photovoltaic glass.
This duty is levied as a percentage of the CIF (Cost, Insurance, and Freight) value.
Companies such as Xinyi Solar (Malaysia) Sdn. Bhd. and SBH Kibing Solar New Materials (M) Sdn. Bhd. will attract a duty of 9.71%, while any other producer will have a duty of 10.14% as part of the notification.
Other Highlights
To avail of the specific duty rates for the two named producers, importers must present a valid commercial invoice to customs authorities.
This invoice must include a signed declaration by an official of the issuing entity, certifying that the goods were manufactured by the specific company in Malaysia. Failure to provide this documentation will result in the application of the higher duty rate (10.14%).
Why Borosil Renewables
Borosil Renewables manufactures glass products. It offers industrial, pharmaceutical and volumetric glassware products.
In an interaction with CNBC-TV18 in May, the company’s Executive Chairman Pradeep Kumar Kherurka said that they are targeting a 60% jump in installed capacity by financial year 2028.
As part of the ₹950 crore capacity expansion, board has approved the installation of two new solar glass furnaces of 300 tonne per day (TPD), which will expand the total capacity from the current 1,000 TPD to 1,600 TPD.
Shares of Borosil Renewables are trading 7.9% higher on Wednesday at ₹541. With this move, the stock has also turned positive on a year-to-date basis.
