Waaree Energies clarifies US Customs determination on solar imports
WAAREEENER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Waaree Energies clarified a U.S. Customs and Border Protection (CBP) determination under EAPA Investigation No. 8163. After on-site verification of its Indian facility, CBP confirmed Waaree did not export U.S.-bound solar modules made with Chinese-origin cells, fully cooperated, and drew no adverse inference. CBP also declined the petitioner's request for a broad evasion finding. The determination covers only a narrow subset of historical import entries and is not a final adjudication. Waaree can seek de novo administrative review and judicial review at the U.S. Court of International Trade and is evaluating all legal remedies. US business continues normally with no operational impact.
Positive for shareholders — CBP largely cleared Waaree, finding is narrow and not final, US operations unaffected, company pursuing further review.