Waaree Energies Ltd., India's largest manufacturer of solar Photo-voltaic (PV) modules, announced that a US Customs and Border Protection (CBP) investigation, EAPA Consolidated Investigation No. 8163, confirmed the company did not export solar modules to the United States using Chinese-origin solar cells.
The investigation included an on-site verification of Waaree's manufacturing facility in India. According to the company, the CBP acknowledged its full cooperation throughout the process and drew no adverse inference against the firm. Furthermore, the CBP declined the petitioner's request to issue an evasion finding that would cover all of Waaree's imports.
Waaree clarified that the CBP's determination is currently limited to a narrow subset of certain historical import entries and is not a final adjudication. Under US law, Waaree retains the right to seek a de novo administrative review, followed by judicial review before the US Court of International Trade. The company is actively evaluating all available legal remedies with its US trade counsel.
In filings made to the BSE and NSE, Waaree Energies reaffirmed its commitment to the highest standards of regulatory compliance, transparency, and governance. The company stated that its US business operations continue normally, with no impact on ongoing manufacturing, customer deliveries, or commercial activities.
Waaree stated it will continue to cooperate with relevant authorities and provide updates as required by applicable laws and regulatory mandates.