Waaree Energies Limited has issued a media statement clarifying a recent determination by U.S. Customs and Border Protection (CBP) regarding its solar module imports. The company emphasized that CBP confirmed Waaree did not export modules made with Chinese-origin solar cells and fully cooperated with the investigation. Waaree has the right to seek administrative and judicial review of the determination, which is limited to a narrow subset of historical entries, and its U.S. business operations remain unaffected.
Waaree Energies Addresses U.S. Customs Determination
Waaree Energies Limited has released a media statement to clarify recent reports concerning a determination issued by the U.S. Customs and Border Protection (CBP) in EAPA Consolidated Investigation No. 8163. The company highlighted that following a comprehensive investigation, including an on-site verification of its manufacturing facility in India, CBP expressly confirmed key findings.
Key Findings from CBP Investigation
According to Waaree, CBP confirmed that the company:
- Did not export solar modules manufactured using Chinese-origin solar cells to the United States.
- Fully cooperated throughout the investigation process.
- Was not subject to any adverse inference by CBP.
- Saw CBP decline the petitioner’s request for an evasion finding covering all of Waaree’s imports.
It was further stated that CBP’s determination is restricted to a narrow subset of certain historical import entries and is not considered a final adjudication. Waaree retains the right to pursue a de novo administrative review and subsequent judicial review before the U.S. Court of International Trade, and is currently assessing all available legal remedies with its U.S. trade counsel.
Commitment to Compliance and Business Continuity
Waaree reiterated its commitment to upholding the highest standards of regulatory compliance, transparency, and governance. The company assured stakeholders that its U.S. business operations continue to function normally, with no impact on ongoing manufacturing, customer deliveries, or commercial activities. Waaree plans to continue cooperating with relevant authorities and will provide updates as necessary, in compliance with applicable laws and regulations.
Media Contact
For media inquiries, please contact: Waaree Energies Limited, Ajay Leelaa Mishra, Mob: +91 8655814584, Email Id: [email protected].
Source: BSE
