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According to the Social Insurance Law of the PRC, which came into impact on July 1, 2011, an employer that fails to make social insurance coverage contributions may be ordered to pay the required contributions inside a stipulated deadline and be subject to a late fee at the price of 0.05% per day from the date on which the contribution turns into du In 2011 and 2012, a number of nations, together with Germany, Italy, France, Greece, Spain and Belgium continued to scale back their FIT in addition to other incentive measures. Examples of presidency sponsored financial incentives to promote solar power embrace capital cost rebates, FIT, tax credit, web metering and different incentives to end customers, distributors, project developers, system integrators and manufacturers of solar power products. Countries in Europe, notably Italy, Germany, France, Belgium and Spain, certain countries in Asia, lawyer turkish citizenship by investment including China, Japan, India and South Korea, in addition to Australia and the United States have adopted renewable power insurance policies.
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Long-lived belongings are reviewed for impairment whenever events or adjustments in circumstances indicate that carrying amount of an asset will not be recoverabl All Tax returns and reports have been timely submitted by every Group Member and are true and correct in all materials respects. The intersegment revenues from the sale of photo voltaic modules manufactured by the photo voltaic product manufacturing phase have been recorded based mostly on quantities charged to the solar project section, which are generally decided utilizing truthful market price charged to unbiased third get together clients. The corresponding cost of sale related Turkish Immigration Law Firm to intersegment sales as recorded based on the actual prices of sales incurred by the photo voltaic product manufacturing section. The Group’s first phase is the vertically integrated solar energy products manufacturing business (“manufacturing segment”), from silicon ingots, wafers, cells to solar modules.
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